Back
12 Mar 2015
AUD/USD firmer, approaches 0.7700
FXStreet (Edinburgh) - The Aussie dollar continues to push higher on Thursday, now lifting AUD/USD to the boundaries of he key barrier at 0.7700.
AUD/USD up from 0.7570
After bottoming out in the area of 0.7570 overnight, the pair has advanced over a big-figure and seems ready to challenge 0.7700 the figure. The better sentiment surrounding the riskier assets is giving extra impulse to the AUD, following the current leg lower in the greenback.
In the data front, the jobless rate in the Australian economy ticked lower to 6.3% during February from 6.4% previous; in addition, the employment increased by 15.6K, slight better than consensus at 15.0K.
AUD/USD important levels
The pair is now up 1.21% at 0.7687 with the next hurdle at 0.7707 (high Mar.10) followed by 0.7729 (10-d MA) and finally 0.7740 (high Mar.9). On the flip side, a breakdown of 0.7561 (6-year low Mar.11) would expose 0.7451 (low May 18 2009) and then 0.7335 (low May 6 2009).
AUD/USD up from 0.7570
After bottoming out in the area of 0.7570 overnight, the pair has advanced over a big-figure and seems ready to challenge 0.7700 the figure. The better sentiment surrounding the riskier assets is giving extra impulse to the AUD, following the current leg lower in the greenback.
In the data front, the jobless rate in the Australian economy ticked lower to 6.3% during February from 6.4% previous; in addition, the employment increased by 15.6K, slight better than consensus at 15.0K.
AUD/USD important levels
The pair is now up 1.21% at 0.7687 with the next hurdle at 0.7707 (high Mar.10) followed by 0.7729 (10-d MA) and finally 0.7740 (high Mar.9). On the flip side, a breakdown of 0.7561 (6-year low Mar.11) would expose 0.7451 (low May 18 2009) and then 0.7335 (low May 6 2009).