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13 Sep 2013
AUD/USD ends the week higher despite Thursday's setback
FXstreet.com (Córdoba) - The AUD/USD is on track to close the week with slight gains for second time in a row despite having suffered a strong setback on Thursday in the wake of disappointing Australian jobs data.
AUD/USD printed a 3-month high of 0.9353 yesterday, but came under pressure after news the Australian economy destroyed 10K jobs in August. However, the retracement was contained by the 0.9220 area confining the pair to consolidative action over the last sessions.
AUD/USD looking for further bullish momentum
At time of writing, AUD/USD is trading at the 0.9245 zone, 0.5% below its opening price, but still up 0.5% this week. From a technical view, "Aussie dollar now has nice double bottom in place & following breakout beyond 0.92 now looking for further bullish momentum", says Anna Coulling, analyst at Hawkeye.
AUD/USD printed a 3-month high of 0.9353 yesterday, but came under pressure after news the Australian economy destroyed 10K jobs in August. However, the retracement was contained by the 0.9220 area confining the pair to consolidative action over the last sessions.
AUD/USD looking for further bullish momentum
At time of writing, AUD/USD is trading at the 0.9245 zone, 0.5% below its opening price, but still up 0.5% this week. From a technical view, "Aussie dollar now has nice double bottom in place & following breakout beyond 0.92 now looking for further bullish momentum", says Anna Coulling, analyst at Hawkeye.