11 Jul 2013
AUD/USD above 0.9250 after Aus jobs report
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9235 bids, on the back of better than expected Australian jobs figures rising to +10k vs -2.5k expected, even though unemployment rate rises to 5.7% vs 5.6% expected, and previous at 5.5% is revised higher to 5.6%.
AUD/USD could see a test of 0.9350
“The AUD/USD has been very volatile and the market is having trouble letting go of its bearish tendencies,” said FXWW founder Sean Lee, adding: “The Aussie hasn’t fallen in recent days after poor economic data so I think we could see a test of .9350. Overall consolidation .9150/.9350 is likely but expect plenty of macro trailing stops now above .9350.
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at Tuesday's highs 0.9202, followed by Monday's highs at 0.9145, and recent session lows at 0.9090. To the upside, closest resistance shows at July 01 highs 0.9250, followed by recent session highs at 0.93, and June 11 lows at 0.9325.
AUD/USD could see a test of 0.9350
“The AUD/USD has been very volatile and the market is having trouble letting go of its bearish tendencies,” said FXWW founder Sean Lee, adding: “The Aussie hasn’t fallen in recent days after poor economic data so I think we could see a test of .9350. Overall consolidation .9150/.9350 is likely but expect plenty of macro trailing stops now above .9350.
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at Tuesday's highs 0.9202, followed by Monday's highs at 0.9145, and recent session lows at 0.9090. To the upside, closest resistance shows at July 01 highs 0.9250, followed by recent session highs at 0.93, and June 11 lows at 0.9325.