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14 Feb 2014
AUD/USD extends recovery, climbs to 0.9000
FXStreet (Córdoba) - The AUD/USD extended the recovery early in Asia and reached a fresh daily high at 0.9002. Currently the pair is attempting to hold above 0.9000.
AUD/USD with support above 0.8900
A day ago, the AUD/USD dropped sharply after the Australian employment report and bottomed at 0.8926. From yesterday’s lows it has risen more than 75 pips, approaching to the level it had before the report. At the moment of writing is trading at 0.8992, up 0.05% while stocks are rising in Australia and in Japan, with the Nikkei 225 up 0.60%.
Yesterday’s decline found support at 0.8925. Since last Wednesday every time the AUD/USD approached 0.8900 it found buyers and moved to the upside. Below 0.8900 immediate support lies at 0.8870 (February 4 low).
AUD/USD with support above 0.8900
A day ago, the AUD/USD dropped sharply after the Australian employment report and bottomed at 0.8926. From yesterday’s lows it has risen more than 75 pips, approaching to the level it had before the report. At the moment of writing is trading at 0.8992, up 0.05% while stocks are rising in Australia and in Japan, with the Nikkei 225 up 0.60%.
Yesterday’s decline found support at 0.8925. Since last Wednesday every time the AUD/USD approached 0.8900 it found buyers and moved to the upside. Below 0.8900 immediate support lies at 0.8870 (February 4 low).