2 May 2014
AUD/USD falls to 0.9200 after payrolls
FXStreet (Córdoba) - The AUD/USD plummeted toward the 0.9200 psychological level immediately as the greenback strengthened sharply after the release of the latest nonfarm payrolls, which showed the US economy added more jobs than expected in April.
The US nonfarm payrolls rose to 288,000 in April, beating expectations of 210,000 and following an upwardly revised 203,000 in March. Meanwhile, the unemployment rate fell to 6.3% versus 6.6% expected.
The AUD/USD lost more than half a cent in a matter of minutes and set a fresh 5-week low of 0.9200 before taking a breather. At time of writing, the pair is trading at the 0.9220 area, recording a 0.57% loss on the day.
AUD/USD levels to watch
To the downside, the Aussie has next supports at 0.9200 (psychological level) and 0.9181 (50-day SMA), while to the upside, resistances are seen at 0.9280 (May 2 high/10-day SMA) and 0.9300 (psychological level).
The US nonfarm payrolls rose to 288,000 in April, beating expectations of 210,000 and following an upwardly revised 203,000 in March. Meanwhile, the unemployment rate fell to 6.3% versus 6.6% expected.
The AUD/USD lost more than half a cent in a matter of minutes and set a fresh 5-week low of 0.9200 before taking a breather. At time of writing, the pair is trading at the 0.9220 area, recording a 0.57% loss on the day.
AUD/USD levels to watch
To the downside, the Aussie has next supports at 0.9200 (psychological level) and 0.9181 (50-day SMA), while to the upside, resistances are seen at 0.9280 (May 2 high/10-day SMA) and 0.9300 (psychological level).