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9 Dec 2014
AUD/USD climbs to 0.8370
FXStreet (Córdoba) - AUD/USD gained momentum above 0.8320 and jumped to 0.8370, hitting the highest since Friday. Afterward pulled back but managed to hold above 0.8330.
The pair beneficiated from the decline of the US dollar across the board; and is rising for the first time in a week, having the best day since November 21. Currently trades at 0.8335/40, slightly below the price it had before the NFP report.
Despite the recovery the long term trend still points to the downside, but the aussie is giving the first signal of a potential bullish correction, at least in the short term, since late November.
The pair beneficiated from the decline of the US dollar across the board; and is rising for the first time in a week, having the best day since November 21. Currently trades at 0.8335/40, slightly below the price it had before the NFP report.
Despite the recovery the long term trend still points to the downside, but the aussie is giving the first signal of a potential bullish correction, at least in the short term, since late November.