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13 Feb 2014
AUD/USD recovers after sharp fall
FXStreet (Córdoba) - Following a steep decline on the back of disappointing Australian jobs data, the AUD/USD managed to found a provisional bottom and has staged a mild recovery during the last hours, helped by broad USD weakness.
AUD/USD trades between moving averages
After losing more than 100 pips during the Asian session on news the Aus economy shed 3.7K jobs compared to an increase of 15K expected, the AUD/USD found support at the 200-hour SMA at 0.8927 and began a corrective phase that has extended to the 100-hour SMA at 0.8985. At time of writing, the AUD/USD is trading at the 0.8980 area, still 0.5% down on the day.
AUD/USD levels to watch
In terms of technical levels, Valeria Bednarik, chief analyst at FXStreet locates next resistances at 0.8990, 0.9020 and 0.9060, while she sees supports at 0.8940, 0.8900 and 0.8860.
AUD/USD trades between moving averages
After losing more than 100 pips during the Asian session on news the Aus economy shed 3.7K jobs compared to an increase of 15K expected, the AUD/USD found support at the 200-hour SMA at 0.8927 and began a corrective phase that has extended to the 100-hour SMA at 0.8985. At time of writing, the AUD/USD is trading at the 0.8980 area, still 0.5% down on the day.
AUD/USD levels to watch
In terms of technical levels, Valeria Bednarik, chief analyst at FXStreet locates next resistances at 0.8990, 0.9020 and 0.9060, while she sees supports at 0.8940, 0.8900 and 0.8860.