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6 Sep 2013
AUD/USD at daily highs ahead of NFP
FXstreet.com (Córdoba) - The Australian dollar advanced Friday, erasing previous day’s losses against the greenback and approaches the top of this week range just ahead of the US nonfarm payrolls.
Following yesterday’s setback, AUD/USD found support at the 0.9115 zone and has been steadily recovering ground throughout the day to trade around 0.9160, up 0.4% on the day. The NFP are seen as an important driver for whether the Federal Reserve will announce a cut in its bond purchases at its Sep 17-18 meeting.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9187 (Sep 5 high) and 0.9200 (psychological level), while supports are seen at 0.9115 (daily low) and 0.9090 (100-hour SMA).
Following yesterday’s setback, AUD/USD found support at the 0.9115 zone and has been steadily recovering ground throughout the day to trade around 0.9160, up 0.4% on the day. The NFP are seen as an important driver for whether the Federal Reserve will announce a cut in its bond purchases at its Sep 17-18 meeting.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9187 (Sep 5 high) and 0.9200 (psychological level), while supports are seen at 0.9115 (daily low) and 0.9090 (100-hour SMA).