AUD/USD finishing up at 0.91 on the week

FXstreet.com (London) - AUD/USD has had a turbulent week finishing up where the pair started out.

As a reminder, from the data front, the NFP’s number printed 230k vs a consensus of 180k while the Unemployment Rate printed 7% vs 7.2% consensus. The Michigan consumer sentiment index was also beating expectations at 82.5 vs 76.0 consensus.

AUD/USD Levels

The 20 DMA is 0.9227, the 50 DMA is 0.9390 and the 200 DMA is 0.9587. RSI (14) reads 60.96. Supports are 0.8924, 0.8958, 0.8973 .8999, 0.9063 and .9088. Spot is 0.9100 while resistances are 0.9114, 0.9169 and 0.9204.

Wall Street jumps as good data is finally good news

The US stocks market closed the week with a strong note following the better than expected US November employment report and Michigan consumer sentiment. Investors digested the data, including increases in consumer spending and participation rate, as good enough to believe the economy is in a turning point.
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Session recap: A bit of a let down really – no sign of a December taper

EUR/USD was supported in the morning as Euro short rates rose due to yesterdays Draghi surprise when he wasn’t as dovish as markets had expected and had been positioned for. 1.3655/75 was the range as we moved up on leveraged dollar supply.
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