USD Trading Outlook (27-05-2014)

AUD/USD The Post RBA minutes AUD/USD decline based at 0.9208 Wed. Initial support now 0.9214 lows Thrs/Fri, 0.9200 barrier, 200dma at 0.9173. Resistance at highs Fri/Thrs 0 .9250/74, 50dma 0 .9283, 10dma 0.9298, 21dma 0 .9304, 30dma 9310. Pair also well within daily cloud 0.9176/0.9307. 0.9270 expiry today and larger expiries Tues’ at 0.9240 (300M),0.9250-55 (700M), 0.9265 (205M).

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