Back
13 Jun 2013
AUD/USD searching for direction post jobs data
FXstreet.com (Barcelona) - After trading as high as 0.9520 immediately after the AUD jobs data release, the AUD/USD has surrendered initial gains and is drifting back towards the 0.9480 level and currently flat on the session.
Aussie jobs headline beats estimates
The Australia jobs data was just released at 1:30 GMT and came in better than expected, with the Employment Change printing 1,100 vs. -10,000 forecast. Furthermore, the Unemployment Rate came in at 5.5% vs. 5.6% actual . Full time employment. FXStreet.com dug into the details of the report a bit deeper and noted, “The part-time employment increased by 6,400. The participation rate decreased 0.1 pts to 65.2%. Lastly, aggregate monthly hours worked decreased 11.5 million hours to 1,628.5 million hours.”
AUD short term technical picture mixed
The FXStreet.com Trend Index remains slightly bearish on the 1 hour chart, while the ob/os index remains neutral. Short term moving averages are currently neutral. Initial resistance remains at 0.9539 (the 9dma), followed by 0.9590 (previous support, now resistance on daily chart). First support sits at 0.9447(the 50dma on 1 hour chart).
Aussie jobs headline beats estimates
The Australia jobs data was just released at 1:30 GMT and came in better than expected, with the Employment Change printing 1,100 vs. -10,000 forecast. Furthermore, the Unemployment Rate came in at 5.5% vs. 5.6% actual . Full time employment. FXStreet.com dug into the details of the report a bit deeper and noted, “The part-time employment increased by 6,400. The participation rate decreased 0.1 pts to 65.2%. Lastly, aggregate monthly hours worked decreased 11.5 million hours to 1,628.5 million hours.”
AUD short term technical picture mixed
The FXStreet.com Trend Index remains slightly bearish on the 1 hour chart, while the ob/os index remains neutral. Short term moving averages are currently neutral. Initial resistance remains at 0.9539 (the 9dma), followed by 0.9590 (previous support, now resistance on daily chart). First support sits at 0.9447(the 50dma on 1 hour chart).