Back
14 Jan 2015
AUD/USD stuck around 0.8120
FXStreet (Edinburgh) - The Aussie dollar managed to leave the area of session lows near 0.8060 in early trade, and is now pushing AUD/USD back above the 0.8100 mark, near 0.8120.
AUD/USD hurt by copper, iron ore
Today’s sharp sell off in copper (losing more than 14% ytd), the renewed selling pressure around iron ore and the generalized softer tone in the commodities space sent spot more than a big-figure south after opening in Asia above 0.8180. However, the poor performance of the greenback gave the pair some oxygen, helping AUD to regain ground lost and retake the 0.8100 level. Next of note in the Australian docket will be tomorrow’s job figures, where the Employment Change is expected to have increased by 3.8K in December, while the Unemployment rate would stay intact at 6.3%.
AUD/USD key levels
At the moment the pair is losing 0.47% at 0.8125 with the next support at 0.8033 (2015 low Jan.7) ahead of 0.8000 (low Jul 20. 2009) and then 0.7955 (low Jul.16 2009). On the other hand, the next resistance lines up at 0.8190 (hourly high Jan.14) followed by 0.8198 (high Jan.13) and finally 0.8206 (Kijun Sen).
AUD/USD hurt by copper, iron ore
Today’s sharp sell off in copper (losing more than 14% ytd), the renewed selling pressure around iron ore and the generalized softer tone in the commodities space sent spot more than a big-figure south after opening in Asia above 0.8180. However, the poor performance of the greenback gave the pair some oxygen, helping AUD to regain ground lost and retake the 0.8100 level. Next of note in the Australian docket will be tomorrow’s job figures, where the Employment Change is expected to have increased by 3.8K in December, while the Unemployment rate would stay intact at 6.3%.
AUD/USD key levels
At the moment the pair is losing 0.47% at 0.8125 with the next support at 0.8033 (2015 low Jan.7) ahead of 0.8000 (low Jul 20. 2009) and then 0.7955 (low Jul.16 2009). On the other hand, the next resistance lines up at 0.8190 (hourly high Jan.14) followed by 0.8198 (high Jan.13) and finally 0.8206 (Kijun Sen).