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12 Mar 2015
AUD/USD: Noy job for bulls on in line Jobs
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7603 at time of writing with a high of 0.7629 and a low of 0.7587.
AUD/USD has got a lift from the outcome of the jobs markets in line with expectations although participation dropping. The employment change came as +15.6 vs expected +15.0K and then prior -14.6K that was revised from -12.2K. The Full Time Employment Change was in at +10.3K but miles off the prior being -30.9K that was actually revised from -28.1K. Meanwhile, the Part Time Employment Change came in at +5.3K against a previous +16.3K. From here we await some not so compelling data for the rest of the week and it may be hard for any ranges on the Aussie for time being to be broken on these numbers.
Technically therefor we remain glued on familiar ranges, and bears look for a result towards the the base of the 2 year down channel at 0.7528 from here. Below 0.7528 heads towards 0.7183 being the 61.8% retracement of the move up from 2001. "Above the downtrend (.7836) would introduce scope to the 0.8034 7th January low. A close above 0.8035 is needed to alleviate downside pressure," notes Karen jones, chief analyst at Commerzbank.
AUD/USD has got a lift from the outcome of the jobs markets in line with expectations although participation dropping. The employment change came as +15.6 vs expected +15.0K and then prior -14.6K that was revised from -12.2K. The Full Time Employment Change was in at +10.3K but miles off the prior being -30.9K that was actually revised from -28.1K. Meanwhile, the Part Time Employment Change came in at +5.3K against a previous +16.3K. From here we await some not so compelling data for the rest of the week and it may be hard for any ranges on the Aussie for time being to be broken on these numbers.
Technically therefor we remain glued on familiar ranges, and bears look for a result towards the the base of the 2 year down channel at 0.7528 from here. Below 0.7528 heads towards 0.7183 being the 61.8% retracement of the move up from 2001. "Above the downtrend (.7836) would introduce scope to the 0.8034 7th January low. A close above 0.8035 is needed to alleviate downside pressure," notes Karen jones, chief analyst at Commerzbank.