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7 Mar 2014
AUD/USD bounces off 0.9100 post NFP
FXStreet (Edinburgh) - The Aussie dollar is giving away initial gains now, dragging the AUD/USD to a test of the key barrier at 0.9100.
AUD/USD weaker after US data
The greenback is gathering pace now, pushing riskier assets lower after the US economy added 175K jobs during February, surpassing forecasts at 149K and up from January’s 129K (revised from 113K). The jobless rate however, up-ticked to 6.7% from 6.6% and the trade deficit came in short of expectations at $39.1 billion in January vs. 39.0 billion forecasted. the pair found support around 0.9100 the figure, bouncing to the current area of 0.9110/15.
AUD/USD key levels
The pair is now up 0.24% at 0.9110 facing the next resistance at 0.9133 (2014 high Mar.6) followed by 0.9168 (high Dec.2) and then 0.9172 (200-d MA). On the flip side, a breakdown of 0.9007 (low Mar.6) would allow 0.9000 (psychological level) and then 0.8891 (low Mar.3).
AUD/USD weaker after US data
The greenback is gathering pace now, pushing riskier assets lower after the US economy added 175K jobs during February, surpassing forecasts at 149K and up from January’s 129K (revised from 113K). The jobless rate however, up-ticked to 6.7% from 6.6% and the trade deficit came in short of expectations at $39.1 billion in January vs. 39.0 billion forecasted. the pair found support around 0.9100 the figure, bouncing to the current area of 0.9110/15.
AUD/USD key levels
The pair is now up 0.24% at 0.9110 facing the next resistance at 0.9133 (2014 high Mar.6) followed by 0.9168 (high Dec.2) and then 0.9172 (200-d MA). On the flip side, a breakdown of 0.9007 (low Mar.6) would allow 0.9000 (psychological level) and then 0.8891 (low Mar.3).