OctaFX | OctaFX Forex Broker
Open trading account

AUD/USD resumes rise, aiming 0.9400

FXStreet (Córdoba) - The Australian dollar is back headed north following a pullback from a 5-week high scored the previous day.

Solid domestic data, comments from RBA Stevens and EUR/AUD fall helped AUD/USD Thursday, which rallied to its highest level since late July, although the Aussie lacked momentum to clear the 0.9400 level and stalled just a few pips shy of.

AUD/USD retraced most of yesterday’s gains but was contained by the 0.9330 area (former resistance turned into support) and resumed the advance, having climbed to the 0.9365 area so far, as investors await the US nonfarm payrolls report.

AUD/USD technical levels

At time of writing, AUD/USD is trading at 0.9360, up 0.14% on the day and poised to post its fourth weekly gain in a row. As for technical levels, immediate resistances are seen at 0.9392 (Sept 4 high), 0.9400 (psychological level) and 0.9415 (Jul 29 high). On the other hand, supports could be found at 0.9331/27 (intraday low/10-day SMA) and 0.9310 (21-day SMA).

European stocks edge lower after ECB shock, NFP eyed

European stocks were little changed Friday, a day after the European Central Bank (ECB) surprised markets by announcing rate cuts and other measures to support economic growth and fight deflation in the Eurozone. Meanwhile, investors are refraining from taking big positions ahead of the US nonfarm payrolls report.
Read more Previous

EUR/USD sedated around 1.2950

The single currency remains under the effects of yesterday’s ECB announcements, with the EUR/USD meandering around 1.2950/55...
Read more Next
Start livechat