AUD/USD is trading at 0.77471, 0.08% down since Wednesday. The Aussie slid down on Thursday post release of mixed labor data wherein the number of employed people fell by 30.6K against the expected rise of 17.5K & the Unemployment Rate dropped to 5.5% from 5.7% in the previous month. Besides this, the rebounding USD on the chances of QE tapering talks amid global recovery makes other currencies slightly weaker. The market will be looking forward to the outcome of PMI figures which are to be issued on Friday. As seen in the chart, the pair is trading near cluster support of 0.77000 levels, which also acts as a neckline for Head & Shoulder pattern. This shows a make or break situation in AUD/USD on daily basis.
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Near Day |
R3 | 0.79173 |
R2 | 0.78303 |
R1 | 0.77759 |
Turnaround | 0.77433 |
S1 | 0.76889 |
S2 | 0.76563 |
S3 | 0.75693 |
Soybean is trading at $1545.27, 0.32% down since previous close. The Soybean saw a downward momentum since last few trading sessions amid strong USD as U.S bond-purchases program may see a tapering down steps due to rising inflation rate & improving employment sector. This makes the BRL Brazilian Real (BRL) currency weaker & Soybean prices as well. The change in climatic conditions in Argentina led to a rise in production & supplies of beans which further makes in less expensive. As seen in the chart, the Fibonacci Retracement tool shows a contraction till Fibo level 50.0 which may act as a major support. Slight selling momentum may be suggested for the day in Soybean.
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Near Day |
R3 | 1649.07000 |
R2 | 1596.04000 |
R1 | 1566.27000 |
Turnaround | 1544.01000 |
S1 | 1513.74000 |
S2 | 1491.47000 |
S3 | 1438.95000 |
US30 is trading at 33844, 0.53% down since Wednesday. A sell-off can be seen in U.S markets after FOMC Minutes hinted the chances of QE tapering down if global recovery rate & employment rate shows a progress in the near term. Also, the tech shares rout further drags down the US30 as it contributes widely in the index. Last week, the US30 tested record high levels on uncertain outlook over interest rate hike decision as mentioned by few Fed officials. The outcome of Philly Fed Manufacturing Index & Jobless Claims data will remain into focus for the day. As seen in the chart, the index is hovering near lower trend-line of channel pattern & is forming double bottoms at 33800. Sideways trading may be noticed for the day in US30.
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Near Day |
R3 | 34920.00000 |
R2 | 34323.00000 |
R1 | 34052.00000 |
Turnaround | 33726.00000 |
S1 | 33455.00000 |
S2 | 33129.00000 |
S3 | 32532.00000 |
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