6 Dec 2013
AUD/USD briefly below 0.9000 following NFPs
FXstreet.com (Barcelona) - Having ranged between 0.9036 and 0.9074 during today’s trading, AUD/USD has briefly pushed below the key 0.9000 support level to post a monthly low at 0.8990 in the immediate aftermath of today’s NFP data ,
AUD/USD below 0.9000 briefly following better than expected NFP numbers
Spot is presently trading at 0.9026, recovering from its fleeting journey behind the closely watched 0.9000. US Non Farm Payrolls data registered at 203k, beating forecasts of 180k. Also, US Unemployment numbers also improved at 7.0% which beat expectations of 7.2%.
What does AUD/USD sentiment look like?
The hourly OB/OS Index is neutral while the FXstreet.com Trend Index is slightly bullish. The hourly RSI reads 55 and neutral at the moment and the ADX is at 17. Currently the 200-period SMA is at 0.9094 and sloping lower while the exponential average closing price for the last 20 days is bearish too at 0.9212.
What are today’s key AUD/USD levels?
Matt Bacon-Hall of FXBeat sees resistance at “0.9210 stops commence, 9190-00 Exporter and option offers, 0.9170-80 Corporate and macro offers, 0.9100 Buy stops commence for model accounts, & 0.9085 Stop losses commence”, and support below at “0.9000-10 Macro and option bids, 0.8990 stops commence, 0.8950 Reserve manager bids, & 0.8900-10 Exporter bids.” The daily pivot point is 0.9094, with resistance above at 0.9097 (R1), 0.9127 (R2) and 0.9175 (R3), and support below at 0.9019 (S1), 0.8971 (S2) and 0.8941 (S3). The range between 0.9049-15 looks to provide some support with several key technical levels clustered.
AUD/USD below 0.9000 briefly following better than expected NFP numbers
Spot is presently trading at 0.9026, recovering from its fleeting journey behind the closely watched 0.9000. US Non Farm Payrolls data registered at 203k, beating forecasts of 180k. Also, US Unemployment numbers also improved at 7.0% which beat expectations of 7.2%.
What does AUD/USD sentiment look like?
The hourly OB/OS Index is neutral while the FXstreet.com Trend Index is slightly bullish. The hourly RSI reads 55 and neutral at the moment and the ADX is at 17. Currently the 200-period SMA is at 0.9094 and sloping lower while the exponential average closing price for the last 20 days is bearish too at 0.9212.
What are today’s key AUD/USD levels?
Matt Bacon-Hall of FXBeat sees resistance at “0.9210 stops commence, 9190-00 Exporter and option offers, 0.9170-80 Corporate and macro offers, 0.9100 Buy stops commence for model accounts, & 0.9085 Stop losses commence”, and support below at “0.9000-10 Macro and option bids, 0.8990 stops commence, 0.8950 Reserve manager bids, & 0.8900-10 Exporter bids.” The daily pivot point is 0.9094, with resistance above at 0.9097 (R1), 0.9127 (R2) and 0.9175 (R3), and support below at 0.9019 (S1), 0.8971 (S2) and 0.8941 (S3). The range between 0.9049-15 looks to provide some support with several key technical levels clustered.