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13 Jun 2014
AUD/USD maintaining its form
FXStreet (Guatemala) - AUD/USD is trading at 0.9423, down -0.04% on the day, having posted a daily high at 0.9428 and low at 0.9420.
AUD/USD has kept to a tight range despite the US data disappointments with the retail sales and unemployment claims that were coming in below expectations. We remind ourselves that the Australian labour data disappointed yesterday. Employment dropped by 4.8K compared with a consensus of a 10K increase although we will real that full time jobs jumped by a robust 22.2K which supported the Australian dollar.
AUD/USD Levels
With spot trading at 0.9424, we can see next resistance ahead at 0.9424 (YTD High), 0.9428 (Daily Open), 0.9428 (Daily High), 0.9431 (Daily Classic R2) and 0.9439 (Weekly Classic R2). Support below can be found at 0.9420 (Daily Low), 0.9412 (Hourly 20 EMA), 0.9408 (Daily Classic R1), 0.9386 (Weekly Classic R1) and 0.9386 (Monthly High).
AUD/USD has kept to a tight range despite the US data disappointments with the retail sales and unemployment claims that were coming in below expectations. We remind ourselves that the Australian labour data disappointed yesterday. Employment dropped by 4.8K compared with a consensus of a 10K increase although we will real that full time jobs jumped by a robust 22.2K which supported the Australian dollar.
AUD/USD Levels
With spot trading at 0.9424, we can see next resistance ahead at 0.9424 (YTD High), 0.9428 (Daily Open), 0.9428 (Daily High), 0.9431 (Daily Classic R2) and 0.9439 (Weekly Classic R2). Support below can be found at 0.9420 (Daily Low), 0.9412 (Hourly 20 EMA), 0.9408 (Daily Classic R1), 0.9386 (Weekly Classic R1) and 0.9386 (Monthly High).