4 Apr 2014
AUD/USD eases from 3-m highs
FXStreet (Edinburgh) - After hitting fresh 3-month highs beyond 0.9300 the figure, the AUD/USD is now deflating to the 0.9295/0.9300 region.
AUD/USD stronger after NFP
The Aussie dollar found extra oxygen after the mixed tone from today’s US Payrolls, where the US economy added 192K jobs vs. previous estimates at 200K. Spot is thus extending its rebound from mid-March troughs near 0.8910. “Our forecasts for the RBA to hike this year and much earlier than the Fed argues for a stronger AUD. However with Chinese officials attempting to manage the transition from net exports to consumption, adding a layer of uncertainty for the RBA, and against a backdrop of accelerating US growth, we do not forecast a significant AUD rally from current levels”, assessed Annette Beacher, Strategist at TD Securities.
AUD/USD key levels
At the moment the pair is up 0.72% at 0.9298 with the next resistance at 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 stronger after NFP
The Aussie dollar found extra oxygen after the mixed tone from today’s US Payrolls, where the US economy added 192K jobs vs. previous estimates at 200K. Spot is thus extending its rebound from mid-March troughs near 0.8910. “Our forecasts for the RBA to hike this year and much earlier than the Fed argues for a stronger AUD. However with Chinese officials attempting to manage the transition from net exports to consumption, adding a layer of uncertainty for the RBA, and against a backdrop of accelerating US growth, we do not forecast a significant AUD rally from current levels”, assessed Annette Beacher, Strategist at TD Securities.
AUD/USD key levels
At the moment the pair is up 0.72% at 0.9298 with the next resistance at 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).