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AUD/USD Dec. 3 – Impressive Strength

AUD/USD is moving forward. After winning the battle with the critical line, it marched forward and broker another one. Parity isn’t that far. Will it march forward today, as the US Non-Farm Payrolls are released? Here’s a quick update on technicals, fundamentals and community trends.

aud to usd december 3

AUD to USD on the rise, near 0.98.

AUD/USD Technicals

  • Asian session:  AUD USD settled above the 0.9724 line before advancing as the European session began.
  • Current Range:  0.9724 to 0.9863.
  • Further levels in both directions: Below  0.9724, 0.9660, 0.9540, 0.9460, 0.9366. Above 0.9863,  0.9915,  1.0000, 1.0080, 1.0180, 1.0220, 1.03.
  • Overcoming 0.9660 is a bullish sign.
  • 0.9863 important line ahead.

AUD/USD Fundamentals

  • 13:30 US Non-Farm Payrolls. Exp. +150K.
  • 13:30 US Unemployment Rate. Exp. 9.6%.
  • 15:00 ISM Non-Manufacturing PMI. Exp. 54.7 points.
  • 15:00 US Factory Orders. Exp. -0.7%.

AUD/USD Sentiment

  • The American Non-Farm Payrolls will definitely rock the markets, as always. They’re expected to be good.
  • Trichet eventually managed to calm the markets with bond buying. This helps the Aussie as well.
  • Currensee Community: 94% are short, 6% are long. 371 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD.

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.