12 Jan 2015
AUD/USD posts fresh weekly highs
FXStreet (Mumbai) - The Aussie inched higher against the US dollar in the Asian morning, reaching fresh weekly highs levels as traders cheer solid Australian jobs advertising numbers.
Currently, the AUD/USD traded at 0.8231, up 0.35% on the day, close to fresh one-week high at 0.8233 levels hit some time ago. The Aussie continued it’s upward trajectory versus the greenback as the Aussie ticked higher as the Australian jobs advertising rose in December, signalling a recovery in the labour market. The ANZ Job Advertising Series showed job ads were 1.8% higher last month than November, marking the seventh-consecutive month that advertising was higher on a monthly basis.
Moreover, broad based weakness in US dollar also supported the upside in AUD/USD.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8254 (Dec 14 High) levels, above which gains could be extended to 0.8310 (50-DMA) levels. On the flip side, support is seen at 0.82 levels, from here it to 00.8177 (5-DMA) levels.
Currently, the AUD/USD traded at 0.8231, up 0.35% on the day, close to fresh one-week high at 0.8233 levels hit some time ago. The Aussie continued it’s upward trajectory versus the greenback as the Aussie ticked higher as the Australian jobs advertising rose in December, signalling a recovery in the labour market. The ANZ Job Advertising Series showed job ads were 1.8% higher last month than November, marking the seventh-consecutive month that advertising was higher on a monthly basis.
Moreover, broad based weakness in US dollar also supported the upside in AUD/USD.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8254 (Dec 14 High) levels, above which gains could be extended to 0.8310 (50-DMA) levels. On the flip side, support is seen at 0.82 levels, from here it to 00.8177 (5-DMA) levels.