13 Jan 2015
AUD/USD returns to 0.8150
FXStreet (Edinburgh) - The AUD has seen its demand trimmed on Tuesday, dragging AUD/USD back to the mid-0.8100s after reaching session peaks in levels just shy of 0.8200 the figure.
AUD/USD focus on job data
There are no data releases in Oz tomorrow, although the key jobs report on Thursday will be the next risk event for the Aussie dollar. Consensus expects the Employment Change in the Australian economy to have increased by 3.8K during December (vs. 42.7K from the previous month) and the Unemployment Rate to stay put at 6.3%. According to Jane Foley, Senior Currency Strategist at Rabobank, “although our view that the Fed is unlikely to hije rates until late 2015 suggests that the USD uptrend is likely to suffer some setbacks, we maintain our view that AUD/USD will push lower towards 0.78 later this year”.
AUD/USD levels to consider
At the moment the pair is up 0.03% at 0.8160 with the next resistance at 0.8206 (Kijun Sen) ahead of 0.8213 (23.6% of 0.8796-0.8033) and then 0.8254 (high Jan.12). On the downside, a breach below 0.8127 (low Jan.13) would open the door to 0.8105 (low Jan.9) and finally 0.8072 (low Jan.8).
AUD/USD focus on job data
There are no data releases in Oz tomorrow, although the key jobs report on Thursday will be the next risk event for the Aussie dollar. Consensus expects the Employment Change in the Australian economy to have increased by 3.8K during December (vs. 42.7K from the previous month) and the Unemployment Rate to stay put at 6.3%. According to Jane Foley, Senior Currency Strategist at Rabobank, “although our view that the Fed is unlikely to hije rates until late 2015 suggests that the USD uptrend is likely to suffer some setbacks, we maintain our view that AUD/USD will push lower towards 0.78 later this year”.
AUD/USD levels to consider
At the moment the pair is up 0.03% at 0.8160 with the next resistance at 0.8206 (Kijun Sen) ahead of 0.8213 (23.6% of 0.8796-0.8033) and then 0.8254 (high Jan.12). On the downside, a breach below 0.8127 (low Jan.13) would open the door to 0.8105 (low Jan.9) and finally 0.8072 (low Jan.8).