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AUD/USD jumps to 0.9400 but pair gets a rejection

FXStreet (San Francisco) - Australian dollar reacted positive versus its American counterpartner following the weaker than expected nonfarm payrolls in August.

AUD/USD jumped to highs since July 29 at 0.9400 from 0.9360; however the pair got a rejection at this level and now it is trading at 0.9375.

Big miss in nonfarm payrolls with +142K in Aug vs +225K expected; private payrolls +134K; participation rate down to 62.0%.

AUD/USD sentiment

Currently, AUD/USD is trading at 0.9380, up 0.34% on the day, having posted a daily high at 0.9404 and low at 0.9333. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.

If pair manages to maintain momentum and breaks above 0.9400, it will face resistances at 0.9415 area and 0.9450. On the downside, supports are at 0.9360, 0.9330 and 0.9310.

India Bank Loan Growth fell from previous 11.6% to 10.9%

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