4 Apr 2014
AUD/USD flat around 0.9230
FXStreet (Edinburgh) -The Aussie dollar is now navigating in a narrow range vs. the greenback, with the AUD/USD keeping the trade between 0.9230 and 0.9240 so far.
AUD/USD eyes on Payrolls
Without any data release in Oz today, the market attention would be on March Payrolls in the US, where consensus now expects the economy to have created 200K jobs, above February’s 175K. “Base building behavior in the AUD-USD may continue to persist in the near term pending further global cues from the US labor market later in the global day. Expect 0.9260 to cap while pivotal support at 0.9200 is expected, with our long AUD-USD idea from 06 Feb 14 still intact”, commented Emmanuel Ng, Strategist at OCBC Bank.
AUD/USD key levels
At the moment the pair is up 0.09% at 0.9240 with the next resistance at 0.9300 (psychological level) followed by 0.9310 (high Apr.1) and then 0.9335 (high Nov.21). On the flip side, a breach of 0.9197 (Tenkan Sen) would aim for 0.9155 (low Mar.26) and finally 0.9138 (200-d MA).
AUD/USD eyes on Payrolls
Without any data release in Oz today, the market attention would be on March Payrolls in the US, where consensus now expects the economy to have created 200K jobs, above February’s 175K. “Base building behavior in the AUD-USD may continue to persist in the near term pending further global cues from the US labor market later in the global day. Expect 0.9260 to cap while pivotal support at 0.9200 is expected, with our long AUD-USD idea from 06 Feb 14 still intact”, commented Emmanuel Ng, Strategist at OCBC Bank.
AUD/USD key levels
At the moment the pair is up 0.09% at 0.9240 with the next resistance at 0.9300 (psychological level) followed by 0.9310 (high Apr.1) and then 0.9335 (high Nov.21). On the flip side, a breach of 0.9197 (Tenkan Sen) would aim for 0.9155 (low Mar.26) and finally 0.9138 (200-d MA).