7 Jun 2013
AUD/USD breaches 0.9500 on Payrolls
FXstreet.com (Barcelona) - The selling pressure surrounding the Aussie dollar intensified on Friday after the us Payrolls in May.
The AUD/USD quickly left behind the key support at 0.9500 in the wake of the data, extending the down-leg to the intraday support at 0.9480. Recall that the US economy created 175K jobs in May, exceeding the median at 165K and bettering Aptil’s 149K (revised lower). Further data showed that the jobless rate ticked higher to 7.6% vs. 7.5% expected and previous.
The pair is now retreating 1.34% at 0.9467 with the next support at 0.9435 (low Jun.6) ahead of 0.9388 (low Oct.4). On the upside, a breakout of 0.9617 (MA10d) would target 0.9675 (high Jun.6) and finally 0.9721 (MA21d).
The AUD/USD quickly left behind the key support at 0.9500 in the wake of the data, extending the down-leg to the intraday support at 0.9480. Recall that the US economy created 175K jobs in May, exceeding the median at 165K and bettering Aptil’s 149K (revised lower). Further data showed that the jobless rate ticked higher to 7.6% vs. 7.5% expected and previous.
The pair is now retreating 1.34% at 0.9467 with the next support at 0.9435 (low Jun.6) ahead of 0.9388 (low Oct.4). On the upside, a breakout of 0.9617 (MA10d) would target 0.9675 (high Jun.6) and finally 0.9721 (MA21d).