9 Oct 2014
AUD/USD testing the 0.88 handle on jobs data
FXStreet (Barcelona) - AUD/USD is trading at 0.8807, down -0.37% on the day, having posted a daily high at 0.8853 and low at 0.8794.
AUD/USD has dropped back to test the 0.88 handle with the employment change coming in at -29,700 but coupled with an improvement in the unemployment rate change at 6.1% vs 6.2% expected. The participation rate was poor which may keep the bulls at bay while full time employment was positive at 21,600. Overall, the pair is still anchored to the handle despite this jobs result. The greenback remains broadly on the back-foot.
AUD/USD noteworthy levels
Current price is 0.8809, with resistance ahead at 0.8818 (Weekly High), 0.8841, 0.8853 and 0.8860 (Daily Classic R1). Next support to the downside can be found at 0.8804 (Hourly 20 EMA), 0.8794 (Daily Classic PP), 0.8787 (Weekly Classic R1) and 0.8765 (Hourly 100 SMA).
AUD/USD has dropped back to test the 0.88 handle with the employment change coming in at -29,700 but coupled with an improvement in the unemployment rate change at 6.1% vs 6.2% expected. The participation rate was poor which may keep the bulls at bay while full time employment was positive at 21,600. Overall, the pair is still anchored to the handle despite this jobs result. The greenback remains broadly on the back-foot.
AUD/USD noteworthy levels
Current price is 0.8809, with resistance ahead at 0.8818 (Weekly High), 0.8841, 0.8853 and 0.8860 (Daily Classic R1). Next support to the downside can be found at 0.8804 (Hourly 20 EMA), 0.8794 (Daily Classic PP), 0.8787 (Weekly Classic R1) and 0.8765 (Hourly 100 SMA).