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EUR/USD consolidates at 15-week lows

FXStreet (Córdoba) - EUR/USD managed to pause losses and stabilized near 15-week lows over the last hours as investors focus shifts to Friday’s US employment report.

EUR/USD came under renewed pressure on Wednesday as the greenback strengthened on the back of supportive US data and comments from Fed Chair Yellen, which fueled bets of a possible rate hike in December.

EUR/USD hit a low of 1.0843, last seen July 21, and has spent the last hours consolidating at the bottom of the range. At time of writing, the pair is trading at 1.0855, recording a 0.96% loss on Wednesday.

EUR/USD supports and resistances

As for technical levels, on the downside, next supports could be found at 1.0808(July low) ahead of 1.0784 (Apr 24 low) and 1.0700 (psychological level). On the other hand, immediate resistance levels are seen at 1.0967 (Nov 4 high), 1.0995 (10-day SMA) and 1.1071 (Oct 30 high).

AUD/USD downside playing out before key support

AUD/USD is currently trading at 0.7144 with a high of 0.7224 and a low of 0.7136.
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US ISM non-manufacturing augurs well for Friday’s NFP – Wells Fargo

According to John Silvia, Chief economist and Tim Quinlan, economist at Wells Fargo, today’s numbers from the ISM non-manufacturing report shows a different story from last week manufacturing survey of and augurs well for Friday’s NFP.
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