6 Mar 2015
AUD/USD falls to daily lows after US employment
FXStreet (San Francisco) - The AUD/USD is currently falling following the bright US employment report and after falling around 80 pips from 0.7845, the pair is now trading at daily lows towards 0.7750.
The US Dollar is currently trading higher after the better than expected US employment report with 295K new nonfarm payrolls in February and an unemployment rate at 5.5%. However, participation rate fell to 62.8% from 62.9%, taking some shine off to unemployment rate.
Currently, AUD/USD is trading at 0.7760, down -0.14% on the day, having posted a daily high at 0.7849 and low at 0.7759. AUD/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD levels
If the pair extends decline beyond 0.7750, it will find next supports at 0.7740 and 0.7700. To the upside, resistances are at 0.7800, 0.7840 and 0.7860.
The US Dollar is currently trading higher after the better than expected US employment report with 295K new nonfarm payrolls in February and an unemployment rate at 5.5%. However, participation rate fell to 62.8% from 62.9%, taking some shine off to unemployment rate.
Currently, AUD/USD is trading at 0.7760, down -0.14% on the day, having posted a daily high at 0.7849 and low at 0.7759. AUD/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD levels
If the pair extends decline beyond 0.7750, it will find next supports at 0.7740 and 0.7700. To the upside, resistances are at 0.7800, 0.7840 and 0.7860.