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2 Aug 2013
AUD/USD stalls on 3-year lows
FXstreet.com (Chicago) - AUD/USD continued trading low despite short-lived peak on US job data earlier on Friday.
Technically speaking, the pair had given in 14.81% losses this year, with 13.02% incurred this past quarter. So far this week, the Aussie was down 3.73% on aftermath of Stevens ‘remarks about the Australian economy and weaker-than-expected building permits for June at -6.9% vs. projected 2.3% in the country.
On publication of US job data indicating nonfarm payrolls remained below expectations at 162K vs. projected 184K, the pair jumped to reach 0.8969 intraday high to retrace shortly below 0.8900 regions.
Trading at 0.8899, the FXstreet.com studies identified supports at 0.8872 ahead of 0.8850 and 0.8828 with resistances at 0.8961 followed by 0.8983 and 0.9005.
Technically speaking, the pair had given in 14.81% losses this year, with 13.02% incurred this past quarter. So far this week, the Aussie was down 3.73% on aftermath of Stevens ‘remarks about the Australian economy and weaker-than-expected building permits for June at -6.9% vs. projected 2.3% in the country.
On publication of US job data indicating nonfarm payrolls remained below expectations at 162K vs. projected 184K, the pair jumped to reach 0.8969 intraday high to retrace shortly below 0.8900 regions.
Trading at 0.8899, the FXstreet.com studies identified supports at 0.8872 ahead of 0.8850 and 0.8828 with resistances at 0.8961 followed by 0.8983 and 0.9005.