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12 Mar 2015
AUD/USD extends advance above 0.7650
FXStreet (Tokyo) - The AUD/USD is trading higher on Thursday as investors are beating for the Aussie as they welcomed upbeat employment report in Australia. After jumping 100 pips from 0.7570, the AUD/USD is testing daily highs.
Currently, AUD/USD is trading at 0.7668, up 0.95% on the day, having posted a daily high at 0.7670 and low at 0.7570. AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
As FXStreet Asian manager Ivan Delgado reported previously, "digging into the figures, we saw Australia's full time employment up by 10.3k, while part time rose by 5.3k, adding to a total employment change for February of +15.6k, with the jobless rate at 6.3 (as expected), while participation rate declined to 64.6% vs 64.8% prior."
The Australian dollar is trading higher against the US dollar for the first day in the last six sessions as the pair fell around 300 pips from 0.7850 in March 5 to yesterday's lows of 0.7560. However, the pair is posting gains today and after recovering yesterday's gains the pair is now above 0.7650.
Australian dollar to US dollar exchange rate
If the pair extends gains above 0.7650, it will find next resistances at 0.7680 and 0.7700. To the downside, supports are at 0.7640, 0.7625 and 0.7570.
Currently, AUD/USD is trading at 0.7668, up 0.95% on the day, having posted a daily high at 0.7670 and low at 0.7570. AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
As FXStreet Asian manager Ivan Delgado reported previously, "digging into the figures, we saw Australia's full time employment up by 10.3k, while part time rose by 5.3k, adding to a total employment change for February of +15.6k, with the jobless rate at 6.3 (as expected), while participation rate declined to 64.6% vs 64.8% prior."
The Australian dollar is trading higher against the US dollar for the first day in the last six sessions as the pair fell around 300 pips from 0.7850 in March 5 to yesterday's lows of 0.7560. However, the pair is posting gains today and after recovering yesterday's gains the pair is now above 0.7650.
Australian dollar to US dollar exchange rate
If the pair extends gains above 0.7650, it will find next resistances at 0.7680 and 0.7700. To the downside, supports are at 0.7640, 0.7625 and 0.7570.