8 Nov 2013
AUD/USD accelerates losses
FXstreet.com (Córdoba) - The AUD/USD fell deep below 0.9400 and accelerated losses after breaking below the 0.9480 support area, weighed by broad greenback strength in the wake of upbeat US NFP.
The AUD/USD has lost nearly 100 pips over the last hours, hitting a 5-week low of 0.9351 so far as the dollar picks up momentum across the board. At time of writing, AUD/USD is trading at 0.9360 area, recording a 1.0% decline on the day.
AUD/USD levels to watch
Immediate supports levels could now be found at 0.9332 (Oct 2 low) and 0.9300 (psychological level), while in case of bounces resistances are seen at 0.9420 (Nov 1 low and former support) followed by 0.9480 (daily high).
The AUD/USD has lost nearly 100 pips over the last hours, hitting a 5-week low of 0.9351 so far as the dollar picks up momentum across the board. At time of writing, AUD/USD is trading at 0.9360 area, recording a 1.0% decline on the day.
AUD/USD levels to watch
Immediate supports levels could now be found at 0.9332 (Oct 2 low) and 0.9300 (psychological level), while in case of bounces resistances are seen at 0.9420 (Nov 1 low and former support) followed by 0.9480 (daily high).