Investing.com - The Australian dollar was steady against its U.S. counterpart on Tuesday, as markets were jittery ahead of a highly anticipated U.S. employment data expected later in the trading session.
AUD/USD hit 0.9659 during late Asian trade, the session high; the pair subsequently consolidated at 0.9658, inching up 0.03%.
The pair was likely to find support at 0.9605, the low of October 18 and resistance at 0.9760, the high of June 4.
The greenback came under broad selling pressure last week amid concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were eyeing the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
The Aussie was also steady against the euro with EUR/AUD dipping 0.06%, to hit 1.4156.
AUD/USD hit 0.9659 during late Asian trade, the session high; the pair subsequently consolidated at 0.9658, inching up 0.03%.
The pair was likely to find support at 0.9605, the low of October 18 and resistance at 0.9760, the high of June 4.
The greenback came under broad selling pressure last week amid concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were eyeing the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
The Aussie was also steady against the euro with EUR/AUD dipping 0.06%, to hit 1.4156.