The Australian dollar exploded on the bad employment data from the US and made 200 today. Just before markets close, AUD/USD is at 0.9920, after already reaching 0.9940. 0.9915 is a minor line of resistance. Closing above this line will open the road for AUD/USD parity early next week. The Aussie suffered from weak GDP earlier in the week, and also from a drop in retail sales. But other data such as trade balance came out very well. It also got a boost from Chinese Manufacturing PMI – China is Australia’s main trade partner. Next week we have employment data in Australia among other figures, and also another important indicator from China. Stay tuned. In the meantime, readthe most recent analysis, with technical levels – see the AUD to USD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex Bits share Read Next Forex Articles for the Weekend, Dec. 4 Yohay Elam 12 years The Australian dollar exploded on the bad employment data from the US and made 200 today. Just before markets close, AUD/USD is at 0.9920, after already reaching 0.9940. 0.9915 is a minor line of resistance. Closing above this line will open the road for AUD/USD parity early next week. The Aussie suffered from weak GDP earlier in the week, and also from a drop in retail sales. But other data such as trade balance came out very well. It also got a boost from Chinese Manufacturing PMI - China is Australia's main trade partner. Next week we have employment data… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
