Filed Under:
Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - The Aussie dollar is retreating from highs in the vicinity of 1.0290 on Friday, although still in the positive territory for the fifth consecutive session after bottoming in the proximities of 1.0150 in the past week.

Increasing risk appetite plus solid data out of the Australian labor market (employment change +14.5K in September) have marked this week in AUD, partly neutralizing the effects of the last rate cut by the RBA.

Interesting week ahead for AUD traders, as Chinese trade balance figures are due over the weekend, precending Monday CPI print. RBA minutes will be published on Tuesday and a measure of the business confidence by the NAB will be released on Thursday.

The cross is now up 0.06% at 1.0270 facing the next hurdle at 1.0293 (high Oct.11) ahead of 1.0325 (low Oct.1) then 1.0345 (MA200d) and 1.0357 (MA21d).
On the other hand, a dip below 1.0240 (hourly high/low Oct.11) would aim to 1.0212 (low Oct.11) then 1.0175 (low Oct.9) and 1.0149 (low Oct.8).
comments powered by Disqus