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15 Jan 2015
AUD/USD keeps highs above 0.8200
FXStreet (Edinburgh) - Bolstered by the surprising jobs report, AUD/USD remains in the upper end of today’s range so far, around 0.8215/20.
AUD/USD stronger post-data
The Australian labour market showed once again healthy figures during December, with the Employment Change increasing by 37.4K and the jobless rate ticking lower to 6.1% from 6.3%. In the same direction, figures from previous reports were revised higher, confirming the solid performance of the sector, with most states reporting lower unemployment. That was all in the data front in Oz for the week, with spot now looking to the USD dynamics for further clues regarding price action.
AUD/USD levels to watch
As of writing the pair is advancing 0.70% at 0.8213 and a breakout of 0.8254 (high Jan.12) would expose 0.8274 (high Dec.16 2014) and finally 0.8300 (psychological level). On the downside, the initial support aligns at 0.8134 (10/21-d MA) followed by 0.8064 (low Jan.14) and then 0.8033 (2015 low Jan.7).
AUD/USD stronger post-data
The Australian labour market showed once again healthy figures during December, with the Employment Change increasing by 37.4K and the jobless rate ticking lower to 6.1% from 6.3%. In the same direction, figures from previous reports were revised higher, confirming the solid performance of the sector, with most states reporting lower unemployment. That was all in the data front in Oz for the week, with spot now looking to the USD dynamics for further clues regarding price action.
AUD/USD levels to watch
As of writing the pair is advancing 0.70% at 0.8213 and a breakout of 0.8254 (high Jan.12) would expose 0.8274 (high Dec.16 2014) and finally 0.8300 (psychological level). On the downside, the initial support aligns at 0.8134 (10/21-d MA) followed by 0.8064 (low Jan.14) and then 0.8033 (2015 low Jan.7).