11 Dec 2014
AUD/USD drops back giving back Job's gains rally
FXStreet (Guatemala) - AUD/USD is trading at 0.8341, up 0.18% on the day, having posted a daily high at 0.8378 and low at 0.8312.
AUD/USD has reversed the jobs report gains and falls back onto the 0.8340 support line. The pair rallied up to strong resistance marked out by the Imoku 1 at 0.8385, and falling just short of this level. The pair is oscillating here and could end up in a phase of consolidation.
The jobs numbers came with a decent increase of employment and in participation while the headline came with the Employment Change as 42.7k vs just 15.0k.
AUD/USD has reversed the jobs report gains and falls back onto the 0.8340 support line. The pair rallied up to strong resistance marked out by the Imoku 1 at 0.8385, and falling just short of this level. The pair is oscillating here and could end up in a phase of consolidation.
The jobs numbers came with a decent increase of employment and in participation while the headline came with the Employment Change as 42.7k vs just 15.0k.