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13 Mar 2014
AUD/USD rallies on positive jobs numbers
FXStreet (Guatemala) - AUD/USDrallied up to 0.9078 on up beat data Employment Change data for February.
Consumer Inflation Expectation (Feb) arrived at 2.1% and AUD/USD found bids taking it through the 0.90 handle towards 0.9020 extending a bullish drift from below 0.8940 in Europe. Then on the Unemployment Rate s.a. (Feb) that read as 6% in line with expectations and at the same time the Employment Change s.a. (Feb) was coming in at 47,300, smashing expectations of 18,000 the pair extended the upside breaking yesterdays highs.
AUD/USD Levels
The 20 DMA is 0.9001, the 50 DMA is 0.8924 and the 200 DMA is 0.9160. RSI (14) reads 64.75. Supports are ascending from 0.8873, 0.8891, 0.8909 and 0.8933. Spot is 0.90.62 while resistances are 0.9064 and 0.9135.
Consumer Inflation Expectation (Feb) arrived at 2.1% and AUD/USD found bids taking it through the 0.90 handle towards 0.9020 extending a bullish drift from below 0.8940 in Europe. Then on the Unemployment Rate s.a. (Feb) that read as 6% in line with expectations and at the same time the Employment Change s.a. (Feb) was coming in at 47,300, smashing expectations of 18,000 the pair extended the upside breaking yesterdays highs.
AUD/USD Levels
The 20 DMA is 0.9001, the 50 DMA is 0.8924 and the 200 DMA is 0.9160. RSI (14) reads 64.75. Supports are ascending from 0.8873, 0.8891, 0.8909 and 0.8933. Spot is 0.90.62 while resistances are 0.9064 and 0.9135.