9 Mar 2015
AUD/USD back into the 0.76's, sights on Feb low
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7697 with a high of 0.7729 and a low of 0.7695.
AUD/USD moved and breached the 0.77 handle to the downside as the Aussie loses its support again and the bears in the market finally get to dip their toes back in to the 0.76's ahead of the Feb low at 0.7227. The move stemmed from last week's US close with a further consensus-beating Nonfarm Payrolls number that had the US dollar on the rampage, making key ground across the board and taking it into significant technical positions.
Technically, for the Aussie, the next target is 0.7627, February low. Further on, there is 0.7529 as last support before we have very little support thereafter, apart from the 0.7335, 50% retracement of the move up from 2001.
AUD/USD moved and breached the 0.77 handle to the downside as the Aussie loses its support again and the bears in the market finally get to dip their toes back in to the 0.76's ahead of the Feb low at 0.7227. The move stemmed from last week's US close with a further consensus-beating Nonfarm Payrolls number that had the US dollar on the rampage, making key ground across the board and taking it into significant technical positions.
Technically, for the Aussie, the next target is 0.7627, February low. Further on, there is 0.7529 as last support before we have very little support thereafter, apart from the 0.7335, 50% retracement of the move up from 2001.