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Sep 11, 2014
AUD/USD dips below 0.9100
FXStreet (Córdoba) - The Aussie fell to fresh 5 ½-month lows at the beginning of the American session, as investors take with a grain of salt Australian jobs data.
According to the Australian Bureau of Statistics, the economy added 121,000 jobs in August, a figure 10 times greater than the consensus forecast, which has raised doubts whether this could be a methodology mistake. AUD/USD sellers quickly reappeared after assessing jobs data, sending the Australian dollar to its lowest level since late March at 0.9098.
At time of writing, AUD/USD is trading at the 0.9100 area, on track to post its fourth daily loss in a row, having dropped more than 300 pips from last Friday’s highs and over a cent from post-jobs data high of 0.9216.
AUD/USD technical levels
In terms of technical levels, immediate supports are seen at 0.9047 (Mar 24 low), 0.9032 (Mar 21 low) and 0.9000 (psychological level). On the other hand, resistances could be found at 0.9182 (200-day SMA), 0.9200 (psychological level) and 0.9245 (100-hour SMA).
According to the Australian Bureau of Statistics, the economy added 121,000 jobs in August, a figure 10 times greater than the consensus forecast, which has raised doubts whether this could be a methodology mistake. AUD/USD sellers quickly reappeared after assessing jobs data, sending the Australian dollar to its lowest level since late March at 0.9098.
At time of writing, AUD/USD is trading at the 0.9100 area, on track to post its fourth daily loss in a row, having dropped more than 300 pips from last Friday’s highs and over a cent from post-jobs data high of 0.9216.
AUD/USD technical levels
In terms of technical levels, immediate supports are seen at 0.9047 (Mar 24 low), 0.9032 (Mar 21 low) and 0.9000 (psychological level). On the other hand, resistances could be found at 0.9182 (200-day SMA), 0.9200 (psychological level) and 0.9245 (100-hour SMA).