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13 Mar 2014
AUD/USD takes a breather
FXStreet (Córdoba) - The AUD/USD extended its recovery Thursday, approaching to the 0.9100 level boosted by stronger-than-expected Australian employment numbers.
The AUD/USD rallied more than 150 pips over the last sessions after bouncing off the 50-day SMA yesterday, but found resistance at the 0.9080 area post Australian data. However, with the subsequent pullback being contained by 0.9040, the Aussie was confined to a phase of consolidation. At time of writing, the AUD/USD is trading at the 0.9060 area, recording a 0.8% gain on the day.
AUD/USD levels to watch
In terms of technical levels, should the AUD/USD break above 0.9080, next resistances could be found at 0.9100 (psychological level) and 0.9132 (Mar 7 high). On the other hand, supports are seen at 0.8985 (Mar 13 low), 0.8928 (50-day SMA) and 0.8900 (psychological level).
The AUD/USD rallied more than 150 pips over the last sessions after bouncing off the 50-day SMA yesterday, but found resistance at the 0.9080 area post Australian data. However, with the subsequent pullback being contained by 0.9040, the Aussie was confined to a phase of consolidation. At time of writing, the AUD/USD is trading at the 0.9060 area, recording a 0.8% gain on the day.
AUD/USD levels to watch
In terms of technical levels, should the AUD/USD break above 0.9080, next resistances could be found at 0.9100 (psychological level) and 0.9132 (Mar 7 high). On the other hand, supports are seen at 0.8985 (Mar 13 low), 0.8928 (50-day SMA) and 0.8900 (psychological level).