Feb 7, 2020
AUD/USD Price Analysis: Aussie sinks to lowest in a decade, post-NFP
- AUD/USD bears are driving the market to its lowest point since March 2009.
- Bears are eying the 0.6600 figure on the way down.
AUD/USD daily chart
The aussie is dropping to fresh multi-year lows following the release of the US Non-farm payrolls. The US added 225K kobs vs. 160K expected. The sellers are in control and want to precipitate the market down further towards the 0.6657, 0.6643 and 0.6600 levels, according to the Technical Confluences Indicator. Bullish attempts could find resistances near the 0.6684, 0.6719 and 0.6740 levels.
Resistance: 0.6684, 0.6719, 0.6740
Support: 0.6657, 0.6643, 0.6600
Additional key levels