Forex: AUD/USD extends recovery after NFP
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AUD/USD
FXstreet.com (Córdoba) - The Australian dollar extended its recovery versus the greenback after the US employment report showed the economy added more jobs than expected last month, lifting risk appetite.
AUDUSD jumped toward the 1.0450 zone after the data, trimming intraday losses. At time of writing, AUDUSD is quoting at the 1.0445 area, still 0.2% below its opening price.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com says that further recoveries could be expected as 1.0400 contained the downside: "1.0470 and 1.0520 are next resistances areas, and the slow bullish momentum will continue unless stocks turn strongly negative with US opening".
AUDUSD jumped toward the 1.0450 zone after the data, trimming intraday losses. At time of writing, AUDUSD is quoting at the 1.0445 area, still 0.2% below its opening price.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com says that further recoveries could be expected as 1.0400 contained the downside: "1.0470 and 1.0520 are next resistances areas, and the slow bullish momentum will continue unless stocks turn strongly negative with US opening".
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