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5 Jul 2013
AUD/USD extends the decline
FXstreet.com (Córdoba) - The AUD/USD reversed earlier gains and came under pressure during the NY session in the wake of a stronger-than-expected NFP report, which boosted the greenback across the board.
AUD/USD falls along with stocks
AUD/USD fell over 130 pips from daily highs, breaking below the 0.9100 mark to hit a low of 0.9047 in recent dealings as stocks turn negative. However, AUD/USD seems to have found interim support at the 0.9050 zone and bounced to currently trade around 0.9065, still 0.9% below its opening price, having been as high as 0.9180 before the data.
In terms of technical levels, below 0.9047 next supports could be found at 0.9035 (Jul 3 low) and 0.9000 (psychological level), while resistances are seen at 0.9180 (daily high) and 0.9200 (psychological level).
AUD/USD falls along with stocks
AUD/USD fell over 130 pips from daily highs, breaking below the 0.9100 mark to hit a low of 0.9047 in recent dealings as stocks turn negative. However, AUD/USD seems to have found interim support at the 0.9050 zone and bounced to currently trade around 0.9065, still 0.9% below its opening price, having been as high as 0.9180 before the data.
In terms of technical levels, below 0.9047 next supports could be found at 0.9035 (Jul 3 low) and 0.9000 (psychological level), while resistances are seen at 0.9180 (daily high) and 0.9200 (psychological level).