3 Oct 2014
AUD/USD rejected from 0.8800, falls to daily lows
FXStreet (Córdoba) - AUD/USD has been on the retreat during the last sessions after the latest recovery attempt was capped by 0.8825.
AUD/USD has retraced part of yesterday’s advance, falling back below the 0.88 mark to a low of 0.8759 as investors remain cautious ahead of the key event of the week, the US nonfarm payrolls report. Consensus points to a 215K job gain in September following dismal 142K the previous month.
At time of writing, AUD/USD is trading at 0.8765, recording a 0.42% loss on the day. Even though the Aussie managed to recover from a 9-month low of 0.8663 scored Wednesday, the broader outlook is negative with AUD/USD having lost nearly 7% since early September.
AUD/USD levels to watch
In terms of technical levels, AUD/USD could find immediate supports at 0.8723 (Oct 2 low), 0.8700 (psychological level) and 0.8663/59 (Oct 1 low/Jan 24 low). On the flip side, resistances are seen at 0.8826 (Oct 2 high), 0.8837 (23.6% Fibo of 0.9401-0.8663) and 0.8885 (Sept 25 high).
AUD/USD has retraced part of yesterday’s advance, falling back below the 0.88 mark to a low of 0.8759 as investors remain cautious ahead of the key event of the week, the US nonfarm payrolls report. Consensus points to a 215K job gain in September following dismal 142K the previous month.
At time of writing, AUD/USD is trading at 0.8765, recording a 0.42% loss on the day. Even though the Aussie managed to recover from a 9-month low of 0.8663 scored Wednesday, the broader outlook is negative with AUD/USD having lost nearly 7% since early September.
AUD/USD levels to watch
In terms of technical levels, AUD/USD could find immediate supports at 0.8723 (Oct 2 low), 0.8700 (psychological level) and 0.8663/59 (Oct 1 low/Jan 24 low). On the flip side, resistances are seen at 0.8826 (Oct 2 high), 0.8837 (23.6% Fibo of 0.9401-0.8663) and 0.8885 (Sept 25 high).