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15 Jan 2015
AUD/USD awaits Aus jobs data
FXStreet (Bali) - AUD/USD has entered a period of accumulation between 0.8140 and 0.8170 following a recovery off 0.8110 US session lows after the disappointing US retail sales report.
Jim Langlands, Founder at FXCharts, notes: "Today’s focus will be on the local jobs data where the headline unemployment rate is expected to remain unchanged at 6.3%, while jobs created are supposed to be about flat, following on from the November rise of 42K."
Technically, Jim sees "the session low at 0.8067 would be the next bear target ahead of the recent low of 0.8032, below which further downside momentum would look to carry the Aud beneath 0.8000." On the topside, Jim sees "0.8180 and then 0.8200 will be the immediate hurdles. Above 0.8200 would head back towards 0.8230 and yesterday’s session high around 0.8250."
Jim Langlands, Founder at FXCharts, notes: "Today’s focus will be on the local jobs data where the headline unemployment rate is expected to remain unchanged at 6.3%, while jobs created are supposed to be about flat, following on from the November rise of 42K."
Technically, Jim sees "the session low at 0.8067 would be the next bear target ahead of the recent low of 0.8032, below which further downside momentum would look to carry the Aud beneath 0.8000." On the topside, Jim sees "0.8180 and then 0.8200 will be the immediate hurdles. Above 0.8200 would head back towards 0.8230 and yesterday’s session high around 0.8250."