AUD/USD opens London above pivot

FXstreet.com (London) - AUD/USD has traded in a range of 397 pips between a high of 0.9559 and 0.9162 since the release of FOMC and a raft of US data. Antipodean currencies are a touch higher, with the Aussie finding territory again above 0.9200 handle. It is trading on the London open in the 92.40’s. There is no data for today, and indeed the calendar remains light on the open next week as well.

AUD/USD slightly Bullish

AUD/USD technical indicators are favouring the upside this morning, trading 10 - 20 pips higher than the pivot on the London open. Ma’s, for the near term at least have a bullish bias, although of course long term the pair still look heavily in the red, with SMA 200 on the hourly chart moving down to 0.9463.