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3 Jul 2014
AUD/USD falls below 0.9350 on strong US employment report
FXStreet (San Francisco) - The Australian dollar is trading lower against the US dollar amid a stronger than expected non farm payrolls report and the lower unemployment rate since July 2008.
US creates 288K new jobs in June; well above expected. Unemployment rate down to 6.1%. Participation rate was unchanged at 62.8%.
The AUD/USD declined around 50 pips from 0.9380 to break below the 0.9350 level and trade at 0.9325. Currently, AUD/USD is trading at 0.9347, down 1.01% on the day. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
If the pair consolidates losses below 0.9350, it would face supports at 0.9320, 0.9300 and 0.9270. On the upside, resistances are a 0.9390, 0.9400 and 0.9440.
US creates 288K new jobs in June; well above expected. Unemployment rate down to 6.1%. Participation rate was unchanged at 62.8%.
The AUD/USD declined around 50 pips from 0.9380 to break below the 0.9350 level and trade at 0.9325. Currently, AUD/USD is trading at 0.9347, down 1.01% on the day. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
If the pair consolidates losses below 0.9350, it would face supports at 0.9320, 0.9300 and 0.9270. On the upside, resistances are a 0.9390, 0.9400 and 0.9440.