8 May 2014
AUD/USD spikes higher on strong data
FXStreet (Guatemala) - AUD/USD is trading at 0.9354, up 0.31% on the day, having posted a daily high at 0.9364 and low at 0.9318.
AUD/USD spiked to challenge the descending channels resistance and mid territory on the 0.93 handle. The Data came in the form of the employment changes and unemployment rate. Australian employment change s.a. for the month of April came at 14,200 vs 6,750 expected while the unemployment rate fell at 5.8% vs 5.9% expected, so on both counts this was positive and lifted the AUD.
AUD/USD Levels
Current price is 0.9357, with resistance ahead at 0.9357 (Yesterday's High), 0.9364 (Daily High), 0.9374 (Daily Classic R2), 0.9384 (Weekly Classic R2) and 0.9391 (Daily Classic R3). Next support to the downside can be found at 0.9351 (Daily Classic R1), 0.9349 (Weekly High), 0.9334 (Daily Classic PP), 0.9334 (Hourly 20 EMA) and 0.9330 (Weekly Classic R1).
AUD/USD chart formations
Looking at price patterns, we can see a Doji 4-hour candlestick formation.
AUD/USD spiked to challenge the descending channels resistance and mid territory on the 0.93 handle. The Data came in the form of the employment changes and unemployment rate. Australian employment change s.a. for the month of April came at 14,200 vs 6,750 expected while the unemployment rate fell at 5.8% vs 5.9% expected, so on both counts this was positive and lifted the AUD.
AUD/USD Levels
Current price is 0.9357, with resistance ahead at 0.9357 (Yesterday's High), 0.9364 (Daily High), 0.9374 (Daily Classic R2), 0.9384 (Weekly Classic R2) and 0.9391 (Daily Classic R3). Next support to the downside can be found at 0.9351 (Daily Classic R1), 0.9349 (Weekly High), 0.9334 (Daily Classic PP), 0.9334 (Hourly 20 EMA) and 0.9330 (Weekly Classic R1).
AUD/USD chart formations
Looking at price patterns, we can see a Doji 4-hour candlestick formation.