16 Jan 2015
AUD/USD consolidating above 0.8200
FXStreet (Edinburgh) - The Aussie dollar is trading almost unchanged vs. the US dollar on Friday, with AUD/USD hovering over 0.8225/20 so far.
AUD/USD back from 0.8290
Very auspicious jobs report in the Australian economy on Thursday boosted AUD and lifted spot to the upper 0.8200s, although the correction lost some vigour afterwards and prompted sellers to drive the pair lower. No data in Oz today will leave the pair to the mercy of the risk appetite trends and the mood around the greenback. In the opinion of Quek Ser Leang, Market Analyst at UOB Group, “The undertone is still positive but a clear move above 0.8295 is unlikely for now. Expect the strong support at 0.8150 to hold any further pull-back”.
AUD/USD key levels
At the moment the pair is flat at 0.8224 with the next resistance at 0.8297 (high Jan.15) followed by 0.8324 (38.2% of 0.8796-0.8033) and then 0.8378 (high Dec.11). On the flip side, a break below 0.8135 (21d-MA) would aim for 0.8068 (low Jan.14) and finally 0.8033 (2017 low Jan.7).
AUD/USD back from 0.8290
Very auspicious jobs report in the Australian economy on Thursday boosted AUD and lifted spot to the upper 0.8200s, although the correction lost some vigour afterwards and prompted sellers to drive the pair lower. No data in Oz today will leave the pair to the mercy of the risk appetite trends and the mood around the greenback. In the opinion of Quek Ser Leang, Market Analyst at UOB Group, “The undertone is still positive but a clear move above 0.8295 is unlikely for now. Expect the strong support at 0.8150 to hold any further pull-back”.
AUD/USD key levels
At the moment the pair is flat at 0.8224 with the next resistance at 0.8297 (high Jan.15) followed by 0.8324 (38.2% of 0.8796-0.8033) and then 0.8378 (high Dec.11). On the flip side, a break below 0.8135 (21d-MA) would aim for 0.8068 (low Jan.14) and finally 0.8033 (2017 low Jan.7).