Flash: AUD/USD, break of 0.9325/55 targets 0.95 - JPMorgan

FXstreet.com (Barcelona) - The key break through 0.9325/55 zone on Monday represents a bullish development for the AUD/USD, notes Niall O'Connor, FX Strategist at JP Morgan Securities.

Key Quote

"Note that a push above this key level would imply a closer test of the .9500/10 zone, near the 38.2% retracement of the decline from April and a perceived max for any extended corrective phase."

Sep 17, 2013

Flash: What to expect from today's RBA minutes - Westpac

The minutes from the Reserve Bank of Australia September 3 meeting are released at 0130GMT, and according to Sean Callow, FX Strategist at Westpac, the central bank might, in a small degree, return to its easing bias.

RBA minutes next: Impact on the AUD/USD

The fact that the RBA omitted 'the easing line' from its last monetary policy statement on Sept 3, makes today's minutes an event worth following for further clues on the central bank stance towards its rate settings.