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12 Dec 2013
AUD/USD
FXstreet.com (London) - AUD/USD spiked 0.9044 to 0.9083 on the Australian Jobs numbers and has since met supply back to 0.9060 at the time of writing.
The employment changes were up to 21,000 vs the consensus of 10.000 and the unemployment rate came in line with expectations at 5.8% vs previous 5.7%. Meanwhile, Karen Jones, Head of Technical Analysis at Commerzbank notes that the Elliot wave count is suggesting there is scope for a rebound to 0.9200, 0.9265.
AUD/USD Levels
The 20 DMA is 0.9193, the 50 DMA is 0.9376 and the 200 DMA is 0.9570. RSI (14) 28. Supports are ascending from 0.8989, 0.9042 and 0.9059. Spot is 0.9060 with resistances at 0.9129, 0.9169, 0.9204, 0.9260 and 0.9278.
The employment changes were up to 21,000 vs the consensus of 10.000 and the unemployment rate came in line with expectations at 5.8% vs previous 5.7%. Meanwhile, Karen Jones, Head of Technical Analysis at Commerzbank notes that the Elliot wave count is suggesting there is scope for a rebound to 0.9200, 0.9265.
AUD/USD Levels
The 20 DMA is 0.9193, the 50 DMA is 0.9376 and the 200 DMA is 0.9570. RSI (14) 28. Supports are ascending from 0.8989, 0.9042 and 0.9059. Spot is 0.9060 with resistances at 0.9129, 0.9169, 0.9204, 0.9260 and 0.9278.