Back
15 Jan 2015
AUD/USD holds AUS jobs data-backed gains
FXStreet (Mumbai) - The Aussie trades higher versus the US counterpart in the Asian morning, holding onto gains backed by a solid Australian labour market report released earlier.
Currently, the AUD/USD traded at 0.8192, up 0.53% on the day, close to intraday high at 0.8220 levels reached post the jobs data. The AUD/USD pair jumped after unemployment in Australia fell to an August low of 6.1% in December, much better than estimates of 6.3%. The economy added a net 37,400 jobs in December, which was once again far above the 5,000 jobs expectations.
Moreover, rebounding oil and copper prices also added to the gains in the AUD/USD pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8255 (Jan 12 High) levels, above which gains could be extended to 0.8275 (Dec 16 High) levels. On the flip side, support is seen at 0.8146 (10-DMA) levels, from here it to 0.81 levels.
Currently, the AUD/USD traded at 0.8192, up 0.53% on the day, close to intraday high at 0.8220 levels reached post the jobs data. The AUD/USD pair jumped after unemployment in Australia fell to an August low of 6.1% in December, much better than estimates of 6.3%. The economy added a net 37,400 jobs in December, which was once again far above the 5,000 jobs expectations.
Moreover, rebounding oil and copper prices also added to the gains in the AUD/USD pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8255 (Jan 12 High) levels, above which gains could be extended to 0.8275 (Dec 16 High) levels. On the flip side, support is seen at 0.8146 (10-DMA) levels, from here it to 0.81 levels.