Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/USD edges higher, sharp drop in Australia jobless rate buoys Aussie

AUD/USD chart on Trading View used for analysis

  • Aussie remains supported after Australian Bureau of Statistics (ABS) reported a big drop in the jobless rate in September.
     
  • Australia jobless rate falls to 5.0%, the lowest since 2012. Data also showed that employment in seasonally adjusted terms increased 5,600 to 12,636,300.
     
  • Despite upbeat jobless rate, the spread between the 10-year UST yield and its Aussie counterpart has remained largely unchanged, suggesting limited upside.
     
  • Major trend remains bearish. Also, relatively hawkish FOMC minutes to keep lid on upside.
     
  • The pair finds stiff resistance at 21-EMA at 0.7146. Any further upside only on decisive break above.
     
  • On the flip side, 5-DMA is immediate support at 0.7125, close below will see resumption of weakness.

Support levels - 0.7125 (5-DMA), 0.7085 (Sept 11 low), 0.7040 (Oct 8 low)

Resistance levels - 0.7146 (21-EMA), 0.72, 0.7221 (55-EMA) 

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

November 16 11:30 UTC Released

INFX Reserves, USD

Actual

393.01 Bln USD

Forecast

Previous

393.13 Bln USD

November 16 11:00 UTC Released

ITConsumer Prices Final YY

Actual

1.6 %

Forecast

1.6 %

Previous

1.6 %

January 31 00:00 UTC 416903416903m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 416903416903m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 428723428723m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 416903416903m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 428723428723m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 416903416903m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 416903416903m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 416903416903m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.