The slightly better than expected Non-Farm Payrolls report in the US triggered a very volatile market reaction, and the US dollar emerges as a winner.
As the Aussie was already vulnerable, it is now falling to new lows. Will it challenge the all important line of 0.9388?
AUD/USD fell as low as 0.9427, before rebounding to 0.9450. Market conditions are extreme. Trade with care!
Here is a chart of AUD/USD:
new TradingView.widget({
“width”: 610,
“height”: 400,
“symbol”: “FX:AUDUSD”,
“interval”: “60”,
“toolbar_bg”: “#E4E8EB”,
“hide_side_toolbar”: false,
“allow_symbol_change”: true
});
Yesterday, the dollar crashed across the board and the Aussie enjoyed this. However, its moves weren’t that strong as the moves seen by other currencies.
