The Australian Dollar was lower Thursday against the US Dollar after the US reported a better than expected jobless report, showing the lowest level of jobless claims since May 2008.
The Aussie was trading at 1.0150 down 0.20% at the time of this writing.
Here’s a quick update on technicals, fundamentals and community trends.
AUD/USD Technicals
- Previous sessions: The Aussie peaked at 1.0185 in early afternoon trading before gradually falling to 1.0128 by late afternoon and then consolidating to its current level of 1.0150.
- Current range: 1.0125 – 1.0189
- Further levels: Below: 1.0125, 1.0129, 1.0136 Above: 1.0147, 1.0151, 1.0158
- AUD / USD likely to find support at Wednesday’s low of 1.0086, and resistance at 1.0202.
AUD/USD Fundamentals
- 08:30 US Non-Farm Employment Change Exp. 180K Vs. 36K
- 08:30 US Unemployment Rate Exp. 9.1% Vs.9.0%
- 08:30 US Average Hourly Earnings m/m Exp. 0.2% Vs. 0.4%
- 10:00 US FOMC Member Yellen Speaks
- 10:00 US Factory Orders m/m Exp.2.1% Vs. 0.2%
* All times are GMT.
For the major events due later in the week, see the AUD/USD forecast.
AUD/USD Sentiment
- In the latest positive US economic report, US Initial Jobless claims for last week fell unexpectedly, reaching the lowest level since may 2008.
- Australian home building permit requests was reported today to have declined for the month of January by a seasonally adjusted 15.9%, reaching its lowest level since November 2002.
Currensee Community: 93% are short, 7% are long. 424 open positions in real accounts trading this pair at the moment. The community is expecting lower levels of the pair ahead.
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