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1 Oct 2013
AUD/USD bounces from 0.9315
FXstreet.com (Chicago) - AUD/USD dropped after President Obama’s speech on potential US government shutdown and expectations from Congress after the economy might be put on hold due to spending deadline (October 1st).
“Worked too hard for too long?” – Are these high expectations?
On recent speech by President Obama, the democrat leader blamed the potential US shutdown to the Republicans’ irresponsibility to pass the Obamacare bill despite the efforts, now put in jeopardy, made by the American people. “Don’t get to extract the ransom” said Obama referring to “the other party” and added “congress needs to keep the government open” explaining his expectations for tonight at the 11th hour.
AUD/USD Technical Levels
Technically speaking, the pair trades at 0.9320 and oscillates between supports aligned at 0.9278 (September 17th lows), 0.9246 (September 8th highs) and 0.9216 (September 6th highs) ahead of 0.9354 (session highs), 0.9388 (September 16th highs) followed by 0.9413 (September 24th highs).
“Worked too hard for too long?” – Are these high expectations?
On recent speech by President Obama, the democrat leader blamed the potential US shutdown to the Republicans’ irresponsibility to pass the Obamacare bill despite the efforts, now put in jeopardy, made by the American people. “Don’t get to extract the ransom” said Obama referring to “the other party” and added “congress needs to keep the government open” explaining his expectations for tonight at the 11th hour.
AUD/USD Technical Levels
Technically speaking, the pair trades at 0.9320 and oscillates between supports aligned at 0.9278 (September 17th lows), 0.9246 (September 8th highs) and 0.9216 (September 6th highs) ahead of 0.9354 (session highs), 0.9388 (September 16th highs) followed by 0.9413 (September 24th highs).