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2 Aug 2013
AUD/USD jumps to daily highs after NFP
FXstreet.com (Córdoba) - The USD slumped across the board following a disappointing nonfarm payrolls report, with AUD/USD reaching fresh daily highs on the data.
AUD/USD rallied more than 80 pips as the knee-jerk reaction, hitting a day’s peak of 0.8968 before sellers reappeared. The pair has given up half of its NFP-incurred gains and it is currently trading at the 0.8920 area, where it is virtually unchanged since opening.
AUD/USD technical levels
As for technical levels, immediate resistances are seen at 0.8968 (daily high) and 0.9000 (psychological level), while supports could be found at 0.8878 (daily low) and 0.8860 (low Aug 31, 2010).
NFP figures
The US Labor Department announced the economy added 162,000 jobs in July, missing expectations of 184,000, while it revised down the June print to 188,000 from 195,000 previously estimated. On the other hand, the unemployment rate dropped to 7.4%.
AUD/USD rallied more than 80 pips as the knee-jerk reaction, hitting a day’s peak of 0.8968 before sellers reappeared. The pair has given up half of its NFP-incurred gains and it is currently trading at the 0.8920 area, where it is virtually unchanged since opening.
AUD/USD technical levels
As for technical levels, immediate resistances are seen at 0.8968 (daily high) and 0.9000 (psychological level), while supports could be found at 0.8878 (daily low) and 0.8860 (low Aug 31, 2010).
NFP figures
The US Labor Department announced the economy added 162,000 jobs in July, missing expectations of 184,000, while it revised down the June print to 188,000 from 195,000 previously estimated. On the other hand, the unemployment rate dropped to 7.4%.