The Aussie fell against the U.S dollar on Thursday’s trading session after dovish comments from RBA Governor calling for more risk taking. Reserve Bank of Australia Governor Glenn Stevens made remarks on risk taking at a speech on Thursday and suggested that the economy needed more push.
Meanwhile, the U.S dollar firmed against most major currencies after Dallas Federal Reserve President Richard Fisher said U.S. central bank may start raising benchmark interest rates around the spring of 2015, earlier than many market expectations, which boosted the greenback.
Intraday bias remains on the downside as 21 and 55 EMA trend indicators are crossed downward in the 1 hour charts, 4 hours, Daily and Weekly charts signalling a continuation of strong bearish trend in the pair. SSRC, Stochastic, RSI and MACD Oscillator indicators are showing bearish momentum is still intact, so am expecting further decline to 0.87284 supports in the short term picture.