AUD/USD: Hourly resistance at .9400 but buying dips favoured

The USD is out of favour after the deadline of midnight came and went without any end to the budget impasse. The RBA statement gave the Aussie bears little wood to burn and with technical support and real-money bids below .9300, the easiest way was up.

There is some hourly resistance at .9400 but buying-dips is now favoured intraday for a test of .9525.


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