News message h3 { font-size:14px; } p { font-size:12px; } poor NFPs, despite initially dropping towards 0.9135 as...

[AUD/USD] has finally found a comfortable direction in wake of the poor NFPs, despite initially dropping towards 0.9135 as risk aversion prevented a rally. Strong support around the 0.9120/25 held well, with a sharp turnaround ensuing back to the top end of the session's range. Next target remains the 0.9200 barrier zone. The Usd is coming under more severe pressure now as comments from [PIMCO] hit sentiment, after it noted that the Fed won't hike rates for 2 - 3 years, and suggesting that unemployment won't get below 7%. Stop loss chasing could well ensue through 0.9200 next, especially as traders had recently got quite bearish for the Aud in light of this week's local events, which saw the RBA deliver a neutral report on rates, with the likelihood of growth picking up without the threat of inflation suggests that the CB may choose to keep rates steady at 4.5% until the end of the year.