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5 Mar 2014
AUD/USD tests daily highs following ADP data
FXStreet (San Francisco) - As far as the USD is trading under pressure following a weak ADP February number, the Aussie joined the environment and after jumping 20 pips in the latest few minutes, the AUD/USD priced at daily highs around 0.8990.
The ADP employment report showed that the US added 139,000 new jobs in February, a weak reading below expectations of 160,000. January figure was revised down to 127,000.
AUD/USD sentiment
The pair remains below the 0.9000 key mark; now it's trading at 0.8980, 0.30% positive in the day. The short term perspective is slightly bullish according to the FXStreet trend index in the 15-minute chart. Indicators are mixed as CCI is bearish while Momentum is pointing to the north and MACD and Stochastic are neutral.
The AUD/USD would face Immediate resistances lining up at 0.9000 (psychological level) and 0.9025 (Feb 26 high). On the flip side, supports are seen at 0.8910/09 (50-day SMA/Mar 4 low) and 0.8890 (Mar 3 low).
The ADP employment report showed that the US added 139,000 new jobs in February, a weak reading below expectations of 160,000. January figure was revised down to 127,000.
AUD/USD sentiment
The pair remains below the 0.9000 key mark; now it's trading at 0.8980, 0.30% positive in the day. The short term perspective is slightly bullish according to the FXStreet trend index in the 15-minute chart. Indicators are mixed as CCI is bearish while Momentum is pointing to the north and MACD and Stochastic are neutral.
The AUD/USD would face Immediate resistances lining up at 0.9000 (psychological level) and 0.9025 (Feb 26 high). On the flip side, supports are seen at 0.8910/09 (50-day SMA/Mar 4 low) and 0.8890 (Mar 3 low).