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AUD/USD trims losses but ends below 0.9200

FXStreet (Córdoba) - The aussie plummeted on Wednesday during the Asian session in the currency market but then managed to stabilized and recovered ground on American hours. AUD/USD bottomed at 0.9118, 250 pips below the price it opened on Monday but then rebounded and rose quickly back above 0.9140.

On Wall Street the pair climbed slowly and reached 0.9166 (session high) before bouncing to 0.9155. Despite moving off lows, AUD/USD posted the first daily close under 0.9200 since March.

AUD/USD ahead of Australian jobs report

The pair is still moving with a bearish bias, but technical indicators are at extreme levels in the short term. During Thursday's Asian session employment numbers from Australia will be publish and are likely to affect the aussie. The employment change expected if for an increase of around 12,000 jobs while for the unemployment rate, to decline from 6.4% to 6.3%.

NZD/USD holds above 0.8225, for now...

The NZD/USD is trading sideways in between the 0.8225 and 0.8240 as investors are waiting for RBNZ's news on interest rates as the bank is expected to place itself in a wait-and-see mode.
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