AUD / USD is currently at the mid-point targets the purchasing bid so far 0.71 at time of writing.
AUD / USD rose after major figures in Australian jobs data and has postponed the power down for a while, freeing bull back to 0.71. RBA will be on cloud nine because of the reluctance to cut interest rates and the subsequent data will be a dream come true for Tony Abbott jobs and growth agenda. Full-time work came in 40 thousand versus the previous -10.4 thousand, with part-time jump of 18.6 thousand. Australia's unemployment rate fell from the bracket keys suggested the RBA from 6 to 6.5% and down to 5.9% vs 6.2% expected and 6.2% prior. However, the participation rate at 65% vs. 64.9% expected and prior 64.9%.
Rate of AUD / USD
Technically, AUD / USD has rallied to the key resistance at 0.7120 and actually managed through here and reaching as high as 0.7136 in the R3 region so far. Downside pressures have eased and the bull would think about the level of Fibo retracement of 0.7298 / 0.7385 and the downtrend 2014-2015 as the main target. However, for the time being and less wide, 0.7173 should give rise to open fully.
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