Back
14 Jun 2013
Aussie trading near weekly highs against USD
FXstreet.com (Barcelona) - Only below Yen and Kiwi, Aussie is the strongest currency among majors in last 2 trading days against the USD, currently at 0.9643, off fresh weekly highs at 0.9660, a +1.68% higher so far for the week, despite opening with a gap lower early Monday in Asia-Pacific.
China data already forgot; Aussie jobs strong
Although mostly on the back of broad USD weakness, with US 30 year yields posting a fresh 1-year high around 3.43%, better than expected Australian jobs data yesterday has helped in order to push the Aussie this high. With disappointing China data from past weekend already in the back, today's last trading session of the week in the region will be a soft one in terms of economic data.
Immediate resistance to the upside for AUD/USD shows at mentioned fresh recent weekly highs 0.9660, followed by June 06 highs at 0.9675, and May 30 highs at 0.9697. To the downside, closest support lies at previous NY session and weekly highs 0.9623, followed by May 30 lows at 0.9583, and Wednesday's highs at 0.9564.
China data already forgot; Aussie jobs strong
Although mostly on the back of broad USD weakness, with US 30 year yields posting a fresh 1-year high around 3.43%, better than expected Australian jobs data yesterday has helped in order to push the Aussie this high. With disappointing China data from past weekend already in the back, today's last trading session of the week in the region will be a soft one in terms of economic data.
Immediate resistance to the upside for AUD/USD shows at mentioned fresh recent weekly highs 0.9660, followed by June 06 highs at 0.9675, and May 30 highs at 0.9697. To the downside, closest support lies at previous NY session and weekly highs 0.9623, followed by May 30 lows at 0.9583, and Wednesday's highs at 0.9564.