Friday, March 4, 2011

Forex – AUD/USD Down During The U.S. Session

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

AUD/USD was trading at 1.0121, down 0.25% at time of writing.

The pair was likely to find support at 1.0076, today’s low, and resistance at 1.0202, Tuesday’s high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 192.00K last month, from 63.00K in the preceding month whose figure was revised up from 36.00K.

Analysts had expected U.S. non-farm payrolls to rise 180.00K last month.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.40% to hit 1.3824 and AUD/JPY falling 0.37% to hit 83.34.

You may be interested in the following articles: Tips on buying annual travel insurance

No comments:

Post a Comment