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AUD/USD positively biased ahead of European opening

FXStreet (Moscow) - AUD/USD has continued recovering from Asian low at 0.8794 seen after Australian job data; the pair climbed to session high at 0.8885 before retracing to current level of 0.8875

Bulls' revenge

Poor Australian labour market figures pushed Aussie below 0.8800 for a short period of time. The move proves to be unsustainable as traders have already priced in lower figures and focused on USD downside correction following FOMC minutes. Virtually, FED gave green light to Dollar correction by complaining about strong dollar. Later during the day the pair may be influenced by a combination of technical and speculative factors as most key macroeconomic events of the week are already behind us. Keep an eye at 0.8900 resistance, as strong offers on approach might limit the upside. The support is seen at 0.8790/00.

What are today’s key AUD/USD levels?

Today's central pivot point can be found at 0.8809, with support below at 0.8766, 0.8690 and 0.8647 with resistance above at 0.8885, 0.8928 and 0.9004. Hourly Moving Averages are bearish, with the 200SMA bullish at 0.8754 and the daily 20EMA bearish at 0.8884. Hourly RSI is bullish at 70.

EUR/JPY cherish hopes for support from European players

EUR/JPY retraced from Asian high at 137.86 towards current level at 137.57 on the back of JPY gaining ground against USD.
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