AUD modestly lifted by labour data and solid start to China equity trading
Thursday, July 9, 2015 5:09 AM UTC
- Australian labour report for June showed total employment rose 7.3k, the expectations were for a flat print.
- The Australian dollar got a modest lift from the data. The better than expected outcome plus a solid start to equity trading in China has helped AUD higher and we have seen 0.7475 high so far.
- After a rapid fall in recent sessions, the risks of a further squeeze towards 0.7510/0.7530 is possible.
- AUD/USD is currently supported at 0.7423 (4H Tenkan-Sen). Resistances on the upside are seen at 0.7554 ((20 DMA) and 0.7508 (4H Kijun)
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
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GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/AUD moves lower on weak UK data 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
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