There were many doubts about this move. When it did happen, the Australian dollar reacted with a leap. The Aussie is now better positioned towards the next big release this week and could go over the top. Update on this strong currency. After last week’s disappointing Australian figures, there were doubts about this move. It seemed that the Australian economy relaxed and there was time for another pause. But Glenn Stevens followed this hints: The RBA raised the Australian Cash Rate from 4% to 4.25%. This is the 5th rate hike since the global crisis began. Since the first move, there was only one pause – between the third and the fourth moves. This move sent AUD/USD from 0.9170 to 0.92, a small initial gap for starters, before advancing to 0.9230. Before the decision, the Aussie weakened on fear that the central bank will leave the rates unchanged. We will probably see more action as the London session opens for the first time after Easter. Above 0.9190, AUD/USD is now aiming for the high of March at 0.9250. This is a stepping stone on the way to the bigger hurdle – 0.9327 – a line that was approached many times in recent months and almost always worked successfully as a resistance line. In the one time it was broken, the Aussie reached 0.94, the 2009 high. If the Aussie bulls relax again, 0.9090 provides immediate support, followed by 0.8980. Note that the Aussie is strong also against other currencies. EUR/AUD fell to a new all-time low – 1.4543. The pair ticked down on Euro weakness, but made the break to fresh low ground on the Australian rate decision. Job figures ahead On Thursday at 1:30 GMT, Australia’s job figures are released. We got a hint for that as well: the ANZ Job Advertisements, which counts the number of jobs in newspapers, showed a rise of 1.8%. This can indicate nice job gains. Employment Change is currently expected to show a gain of 20,000 jobs. The unemployment rate will probably remain unchanged at 5.3%. We’ve seen several surprises in the job figures in the past. These are very important figures for the Aussie. Will the job figures send the Aussie over the top? Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. 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 News Today: Daily Trading NewsOpinions share Read Next EUR/USD – 3 Reasons Why This Fall Will Be Strong Yohay Elam 12 years There were many doubts about this move. When it did happen, the Australian dollar reacted with a leap. The Aussie is now better positioned towards the next big release this week and could go over the top. Update on this strong currency. After last week's disappointing Australian figures, there were doubts about this move. It seemed that the Australian economy relaxed and there was time for another pause. But Glenn Stevens followed this hints: The RBA raised the Australian Cash Rate from 4% to 4.25%. This is the 5th rate hike since the global crisis began. Since the first move,… Top 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.