13 Jan 2014
AUD/USD: consolidates NFP gains, holds near 0.9000
FXstreet.com (Córdoba) - The AUD/USD started the week on a quiet note, around the same price level it closed on Friday, hovering barely below 0.9000. On Friday the Aussie posted the biggest daily gain against the US dollar since September after rising almost a hundred pips.
The AUD/USD was trading just a few pips above weekly lows, around 0.8890 and jumped to 0.9000 after the release of the US non-farm payrolls report. The data weakened the US dollar across the board.
AUD/USD faces resistance at 0.9000
The strong rally that followed NFP broke important short-term resistance levels and downtrend lines, pushing the price toward 0.9000.
During Friday's American session the pair tested levels on top of 0.9000 but it was unable to break higher. The same price level capped the upside on January 3rd. If it breaks higher it would be trading at 1-month highs.
The AUD/USD was trading just a few pips above weekly lows, around 0.8890 and jumped to 0.9000 after the release of the US non-farm payrolls report. The data weakened the US dollar across the board.
AUD/USD faces resistance at 0.9000
The strong rally that followed NFP broke important short-term resistance levels and downtrend lines, pushing the price toward 0.9000.
During Friday's American session the pair tested levels on top of 0.9000 but it was unable to break higher. The same price level capped the upside on January 3rd. If it breaks higher it would be trading at 1-month highs.