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Forex pairs in this Article » AUD/USD (Córdoba) - The Aussie has continued to lose ground versus the greenback during the American afternoon, after repeated failure to break above the 1.0290 resistance level, despite the strong employment gain seen on Thursday.

AUDUSD was rejected from the mentioned resistance at the beginning of the European session and came under pressure, having lost over 70 pips ever since to hit a low of 1.0215 in recent dealings. It was last at 1.0220, down 0.4% on the day. However, the pair looks set to close the week with a net gain of 0.6%, after 3 consecutive losses.

From a technical view, "The bigger picture is ranged in 1.0630-160 and a significant resistance will be encountered at 1.0375 which will then decide whether we see it continuing to move towards 1.0630 or it dips to 1.0000 in the next week", the Kshitij Consultancy Services Team commented. "The down side seems to be capped at 1.0230 and we can see a rise towards 1.0375 in the coming days".
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