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5 Apr 2013
Forex: AUD/USD trimming losses, around 1.0435/40
FXstreet.com (Barcelona) - The Aussie dollar is trading in the upper end of today’s range around 1.0435/40, despite the risk-off mode prevailing in the markets.
“Tonight, all focus is on US non-farm payrolls, which are expected to rise around 200K in March, although expectations have been wound back somewhat after the 158K gain in ADP The unemployment rate is expected to remain at7.7%”, assessed S.Papadopoulos, Economist at NAB.
As of writing, the pair is losing 0.04% at 1.0430 and a breach of 1.0390 (MA200d) would open the door to 1.0386 (low Apr.1) and then 1.0363 (low Mar.21).
On the other hand, resistance levels line up at 1.0498 (high Apr.3) ahead of 1.0555 (high Jan.24) and finally 1.0560 (hourly high/lows Jan.23).
“Tonight, all focus is on US non-farm payrolls, which are expected to rise around 200K in March, although expectations have been wound back somewhat after the 158K gain in ADP The unemployment rate is expected to remain at7.7%”, assessed S.Papadopoulos, Economist at NAB.
As of writing, the pair is losing 0.04% at 1.0430 and a breach of 1.0390 (MA200d) would open the door to 1.0386 (low Apr.1) and then 1.0363 (low Mar.21).
On the other hand, resistance levels line up at 1.0498 (high Apr.3) ahead of 1.0555 (high Jan.24) and finally 1.0560 (hourly high/lows Jan.23).