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12 Apr 2013
Forex: AUD/USD dips to lows around 1.0530
FXstreet.com (Barcelona) - The Aussie dollar is printing fresh intraday lows in the boundaries of 1.0530 on Friday, as risk version is now reining in the markets.
“Current AUD levels still leave the currency above where we were in the immediate aftermath of yesterday’s weak local employment data (1.0510) with the slightly heightened prospects of the RBA coming back to the easing table doing no real harm at this stage”, commented analysts at NAB.
At the moment, the cross is down 0.12% at 1.0532 with the immediate support at 1.0524 (broken trendline) followed by 1.0515 (hourly high/lows Apr.11) and finally 1.0500 (low Apr.11).
On the upside, a breakout of 1.0583 (high Apr.11) would aim for 1.0599 (high Jan.10) ahead of 1.0625 (high Mar.20).
“Current AUD levels still leave the currency above where we were in the immediate aftermath of yesterday’s weak local employment data (1.0510) with the slightly heightened prospects of the RBA coming back to the easing table doing no real harm at this stage”, commented analysts at NAB.
At the moment, the cross is down 0.12% at 1.0532 with the immediate support at 1.0524 (broken trendline) followed by 1.0515 (hourly high/lows Apr.11) and finally 1.0500 (low Apr.11).
On the upside, a breakout of 1.0583 (high Apr.11) would aim for 1.0599 (high Jan.10) ahead of 1.0625 (high Mar.20).