10 Feb 2014
AUD/USD in a 0.8920/30-0.90 range, Aus jobs eyed
FXStreet (Bali) - AUD/USD is trading at 0.8950 in early Asia, a level proven to be a point of equilibrium within the context of a intraday range that goes from 0.8920/30 up to 0.90.
NFP fails to provide enough impetus to break 0.90
Last Friday, the perception towards a weaker-than-expected headline US jobs number being not as negative as initially thought for the interest of the US Dollar, prevented the Aussie from breaking through 0.90 barrier. Talk has it of some sizeable stops above the round number.
AUD/USD technicals
Technically, the AUD/USD is in a well established range on the hourly, within the context of a short term bull trend, yet the broader picture still points at an underlying bearish bias. The main event to watch this week for the interest of the Aussie will be Jan Aus jobs report, likely to act as a catalyst to break the current 70/80 pips ranging conditions.
NFP fails to provide enough impetus to break 0.90
Last Friday, the perception towards a weaker-than-expected headline US jobs number being not as negative as initially thought for the interest of the US Dollar, prevented the Aussie from breaking through 0.90 barrier. Talk has it of some sizeable stops above the round number.
AUD/USD technicals
Technically, the AUD/USD is in a well established range on the hourly, within the context of a short term bull trend, yet the broader picture still points at an underlying bearish bias. The main event to watch this week for the interest of the Aussie will be Jan Aus jobs report, likely to act as a catalyst to break the current 70/80 pips ranging conditions.