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5 Feb 2015
AUD/USD sitting heavy ahead of Nonfarm Payrolls
FXStreet (Guatemala) - AUD/USD is trading at 0.7792 with a high of 0.7826 and a low of 0.7732.
AUD/USD is consolidated and not giving much away one way or the other. There remains a negative bias around the major commodity currency and this has left us with the lows of 0.7625 in view. The pair got heavier this month on the back of the RBA's surprise rate cut hat shaved 0.25% of the cash rate down to 2.25% and has left the door open for further easing as and when required later this year. The pair is sitting heavy ahead of Nonfarm Payrolls in the US session.
Technically, Valeria Bednarik, chief analyst at FXStreet, explained that in the 4 hours chart, the price develops above a flat 20 SMA, while the indicators are turning lower, also in positive territory, showing no directional strength at the time being.
AUD/USD is consolidated and not giving much away one way or the other. There remains a negative bias around the major commodity currency and this has left us with the lows of 0.7625 in view. The pair got heavier this month on the back of the RBA's surprise rate cut hat shaved 0.25% of the cash rate down to 2.25% and has left the door open for further easing as and when required later this year. The pair is sitting heavy ahead of Nonfarm Payrolls in the US session.
Technically, Valeria Bednarik, chief analyst at FXStreet, explained that in the 4 hours chart, the price develops above a flat 20 SMA, while the indicators are turning lower, also in positive territory, showing no directional strength at the time being.