Back
6 Aug 2015
AUD/USD trims losses, rises toward 0.7350
FXStreet (Córdoba) - AUD/USD gained momentum after the beginning of the American session and rose to 0.735, reaching the strongest level since Asian hours. The pair trades around 0.7345/50, marginally lower for the day despite Australian jobs numbers.
Earlier AUD/USD peaked at 0.7392 after the release of jobs number from Australia that showed a positive change in employment of 38,500 above the 15,000 expected while the unemployment rate rose unexpectedly from 6.1% to 6.3%. Today, the US jobless claim report was in line with market consensus and rose from 267K to 270K; having a modest impact on the market.
AUD/USD technical levels
To the upside, resistance levels could be located at 0.7360, 0.7385/90 and 0.7420. On the opposite direction, support levels could be located at 0.7315 (daily low), 0.7280 and 0.7260 (July 24, August 3 low).
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
Earlier AUD/USD peaked at 0.7392 after the release of jobs number from Australia that showed a positive change in employment of 38,500 above the 15,000 expected while the unemployment rate rose unexpectedly from 6.1% to 6.3%. Today, the US jobless claim report was in line with market consensus and rose from 267K to 270K; having a modest impact on the market.
AUD/USD technical levels
To the upside, resistance levels could be located at 0.7360, 0.7385/90 and 0.7420. On the opposite direction, support levels could be located at 0.7315 (daily low), 0.7280 and 0.7260 (July 24, August 3 low).
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!