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Forex: AUD/USD tests 1.0490 ahead closing bell

By FXstreet.com,  January 04, 2013, 03:31:00 PM EDT

FXstreet.com (San Francisco) - The Australian Dollar's recovery against the Greenback from 1.0395 has continued during the American session with the AUD/USD breaking above the 1.0460 level following the NFP data and testing the 1.0490 area.

Currently the AUD/USD is trading at 1.0480, 0.15% above today's opening price action. Next resistances are at 1.0500 and 1.0520. On the other side, supports are at 1.0460, 1.0440 and 1.0400.

The US employment report showed the economy added more jobs than expected last month, but participation rate was flat and Unemployment rate rose to 7.8% in November and December.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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