Forex: AUD/USD edges higher during Asia session, 1.0553 last

FXstreet.com (Barcelona) - The Aussie Dollar is edging higher during Asia trade, up 8 pips at 1.0553. The range has been somewhat narrow with a low of 1.0539 and high of 1.0556. There are no economic indicators to report out of Australia during the session. From a shorter term technical perspective (30min chart), it looks like the pair is breaking out of a short term bull flag formation (confirmed by a 30min close above 1.0550). The pattern has a short term measured move target of 1.0600.

Apr 12, 2013

Forex Flash: Singapore maintains policy stance - ANZ

Today, the monetary authority of Singapore maintained its policy stance, "leaving the slope and width of the S$NEER policy band unchanged, with no change to the level which it is centred," says Khoon Goh, senior FX Strategist at ANZ. MAS left its GDP prospects for the current year as previously reported, with inflation forecasts lowered.

BOJ Kuroda to last until sustainable prices achieved

Monetary tends to weaken currency but BOJ policies are aimed at ending deflation, not the exchange rate