Forex: AUD/USD retests 1.0270 resistance after NFP
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AUD/USD
FXstreet.com (Córdoba) - The Australian dollar spiked to retest daily highs versus the greenback after the NFP report showed the US created 114,000 jobs in September, in line with expectations, but July and Aug figures were upwardly revised by a combined 86,000.
AUDUSD jumped to the 1.0270 area after the data, although it lacked momentum to break above its daily range top. At time of writing, AUDUSD is quoting at the 1.0255/60 zone, still up 0.2% on the day.
Valeria Bednarik, chief analyst at FXstreet.com notes that a clear break above 1.0270 should open doors for further gains towards 1.0320/30 area. "To the downside, 1.0230 is my main support and I do believe that if we lose that, 1.0190 seems a reasonable target for the short term", Bednarik adds.
AUDUSD jumped to the 1.0270 area after the data, although it lacked momentum to break above its daily range top. At time of writing, AUDUSD is quoting at the 1.0255/60 zone, still up 0.2% on the day.
Valeria Bednarik, chief analyst at FXstreet.com notes that a clear break above 1.0270 should open doors for further gains towards 1.0320/30 area. "To the downside, 1.0230 is my main support and I do believe that if we lose that, 1.0190 seems a reasonable target for the short term", Bednarik adds.
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