6 Dec 2013
AUD/USD rallies above 0.9100
FXstreet.com (Córdoba) - The AUD/USD bounced sharply from a fresh 3-month low sub-0.9000 scored in the wake of a solid US employment report.
The AUD/USD fell to a low of 0.8989 as the knee-jerk reaction to the NFP data, but quickly rose more than 100 pips to fresh daily highs above 0.9100, underpinned by stocks rise. The AUD/USD is currently trading at the 0.9080 zone, 0.2% above its opening price, having printed a peak of 0.9108 in recent dealings.
AUD/USD levels to watch
As for technical levels, the AUD/USD could find immediate resistances at 0.9108 (Dec 5 high) and 0.9145 (Dec 3 high). On the other hand, supports are seen at 0.9035 (daily low) and the 0.9000 area (psychological level) ahead of 0.8989 (daily low).
The AUD/USD fell to a low of 0.8989 as the knee-jerk reaction to the NFP data, but quickly rose more than 100 pips to fresh daily highs above 0.9100, underpinned by stocks rise. The AUD/USD is currently trading at the 0.9080 zone, 0.2% above its opening price, having printed a peak of 0.9108 in recent dealings.
AUD/USD levels to watch
As for technical levels, the AUD/USD could find immediate resistances at 0.9108 (Dec 5 high) and 0.9145 (Dec 3 high). On the other hand, supports are seen at 0.9035 (daily low) and the 0.9000 area (psychological level) ahead of 0.8989 (daily low).