FxWirePro: Antipodeans trade largely muted, AUD/USD holds tight range
Wednesday, September 16, 2015 5:58 AM UTC
- USD broadly offered as markets witness increased bids for safe-havens such as JPY, EUR, CHF and gold
- Antipodeans trade largely muted, consolidating to the upside after solid gains seen on Tuesday
- AUD/USD recovered from a dip led by RBA's Debelle's comments, and is holding steady heading towards European open
- RBA's Debelle had earlier said that Australia's medium-term growth rate has slowed and reverted to 0.7150 levels
- The pair is currently trading at 0.7136, with day's lows at 0.7123 and highs at 0.7147
- Immediate resistance is seen at Daily Kijun by 0.7158, while support on the downside is located at 20 DMA by 0.7099
- Bias remains lower, breaks below minor support by 4H Tenkan at 0.7126 can take the pair to 0.7100 levels
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