Later today, the RBA minutes of the August 16th meeting will be release, and investors will pay attention for signals of a possible rate hike in the next months.

“Pair could extend towards 0.9040 and 0.9070 areas next, if 0.9000 is overcome. To the downside now, pair will find supports at 0.8950 and 0.8920 zone static zone, where a floor is forming in the cross”, said Valeria Bednarik, analyst at FXstreet.com.

Tue, Aug 17 2010, 00:05 GMT
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