10 Jul 2014
AUD/USD steady ahead of jobs numbers
FXStreet (Guatemala) - AUD/USD is trading at 0.9424, up 0.11% on the day, having posted a daily high at 0.9433 and low at 0.9407.
AUD/USD is steadying here after a little bit of movement overnight. The agenda for the pair is going to be the jobs numbers out of Australia. Sean Callow, analyst at Westpac Banking Corporation ABN explained “Westpac looks for 25k, well ahead of the median forecast of 12k (range -5k to +35k). An uptick in the participation rate should see the unemployment rate rise to 5.9% from 5.8%, in line with consensus. A reading around our expectation should be worth about 30 pips on AUD/USD”.
AUD/USD Levels
Current price is 0.9424, with resistance ahead at 0.9426 (Yesterday's High), 0.9433 (Daily High), 0.9443 (Weekly High), 0.9444 (Daily Classic R2) and 0.9472 (Weekly Classic R1). Next support to the downside can be found at 0.9422 (Daily Classic R1), 0.9414 (Daily Open), 0.9407 (Daily Low), 0.9406 (Hourly 20 EMA) and 0.9404 (Hourly 200 SMA).
AUD/USD is steadying here after a little bit of movement overnight. The agenda for the pair is going to be the jobs numbers out of Australia. Sean Callow, analyst at Westpac Banking Corporation ABN explained “Westpac looks for 25k, well ahead of the median forecast of 12k (range -5k to +35k). An uptick in the participation rate should see the unemployment rate rise to 5.9% from 5.8%, in line with consensus. A reading around our expectation should be worth about 30 pips on AUD/USD”.
AUD/USD Levels
Current price is 0.9424, with resistance ahead at 0.9426 (Yesterday's High), 0.9433 (Daily High), 0.9443 (Weekly High), 0.9444 (Daily Classic R2) and 0.9472 (Weekly Classic R1). Next support to the downside can be found at 0.9422 (Daily Classic R1), 0.9414 (Daily Open), 0.9407 (Daily Low), 0.9406 (Hourly 20 EMA) and 0.9404 (Hourly 200 SMA).