The dollar stemmed consecutive losses recovering slightly against the Yen. The pair is currently trading at 89.91 after opening at 89.85, and finds support at 89.30. Resistance line is at 92.40. The pair is considered slightly bullish at present.
Further pressure may be placed on the USD however, as possible rises in the AUD and more importantly gold, could materialise in the near future. Unemploymenty in Australia grew 0.1% in October and is overall 5.8%. Following the announcement, the Aussie jumped half a cent against the dollar and is currently at its highest level since 2008.
In the US, Federal Budget Balance report is out on Thursday, while unemployment claims data is out this Friday.
AUD/USD (Nov 12 at 06:40 GMT)
H 0.9371 L 0.9293
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.9291 | 0.9315 | 0.9338 | 0.9347 | 0.9370 | 0.9394 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bearish | Neutral |
| Data updated on Nov 12 at 06:00 (15-minute timeframe) |
[ View AUD/USD Technical Studies ]
