AUD/USD dips to new lows following the NFP

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:

[do action=”tradingviews” pair=”AUDUSD” interval=”60″/]

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.

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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