Back
12 Sep 2013
AUD/USD plummets on bad Aussie jobs data
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last quoted at fresh session lows 0.9280 and falling down from session and almost 3-month highs at 0.9353 previous to the news following Australian employment change at -10.8k unexpectedly much worse than anticipated.
AUD/USD shows some bearish divergences
“Trading above 0.9315 July high and immediate support, the hourly chart shows price easing some from the high but indicators still heading higher in positive territory, as 20 SMA offers dynamic support around 0.9300,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “ The 4 hours chart shows some bearish divergences coming from momentum indicator, yet higher highs and a strong 20 SMA below current price gives little room to downward correction.”
AUD/USD key technical levels
Bednarik sees support levels at 0.9280 and 0.9250, while resistance levels at: 0.9345, 0.9380 and 0.9420.
AUD/USD shows some bearish divergences
“Trading above 0.9315 July high and immediate support, the hourly chart shows price easing some from the high but indicators still heading higher in positive territory, as 20 SMA offers dynamic support around 0.9300,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “ The 4 hours chart shows some bearish divergences coming from momentum indicator, yet higher highs and a strong 20 SMA below current price gives little room to downward correction.”
AUD/USD key technical levels
Bednarik sees support levels at 0.9280 and 0.9250, while resistance levels at: 0.9345, 0.9380 and 0.9420.