AUD/USD: Impatient longs testing 0.9010 resistance ahead of Aus jobs

FXStreet (Bali) - Ahead of the Australian jobs data, the AUD/USD is trading on a strong tone, now coming into contact with the critical resistance area 0.9010, where selling interest should prevent the exchange rate from trading much further as most traders/algos await the jobs number to define next direction. What can be said though, is that the market sentiment has shifted significantly, reducing the chances of fading a positive jobs, a risk perceived yesterday when the AUD/USD traded on a pronounced bear sentiment.

Mar 13, 2014

USD/JPY finding bids on positive data

USD/JPY is ticking up with a high of 102.85bids post the fix and upon positive data realises.

RBNZ’s Wheeler: Says interest rate differentials are increasing

RBNZ’s Wheeler said interest rate differentials are increasing, adding that he would be surprised to see others raising rates this year, while recognizing once again that a higher NZD would be a concern as exporters suffer. He also said that NZD/USD exchange rate in the long run can’t be sustained.