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Forex: AUD/USD ends the day flat, but the week higher

December 07, 2012 | Filed Under »
Forex pairs in this Article » AUD/USD
FXstreet.com (Córdoba) - The Australian dollar had a fairly quiet day on Friday, trading inside a 30-pip range, and almost unaffected by the nonfarm payrolls data, which showed the US economy created 146,000 jobs in November, more than expected, while the unemployment rate fell to 7.7%, its lowest level since December 2008.

AUDUSD is taking a breather after being rejected from a high of 1.0514 on Thursday, although is set to close at the 1.0485 area, virtually unchanged on the day but 0.6% higher this week.

As for technical levels, immediate resistances could be found at 1.0490, 1.0515 (Dec 6 high) and 1.0565 (Sep 17 high). On the other hand supports are seen at 1.0455 (10-day SMA), 1.0440 (14-day SMA) and 1.0420 (21-day SMA).
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