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8 Jan 2015
AUD/USD jumps on Aussie building data; through 0.81 handle
FXStreet (Guatemala) - AUD/USD has jumped on the back of the Australian building permits data.
This arrived well above expectations, and will be keenly monitored as the first for the year. The numbers came in as the monthly for November at +10.1%. this beat the consensus of just vs − 0.5%.
AUD/USD has moved into the 0.81 handle having climbed almost a cent over the course of the Us market and here it has found the momentum up through 0.8080 resistance with 0.8120 next challenge.
Meanwhile, we are light again for data until constructions and more importantly retail sales tomorrow for Australia. Thereafter at the end of the week markets will shift attention to the Nonfarm Payrolls event. Technically, should the downside prevail, we have a long term double Fibonacci support at 0.7950/30 as a major support level, while continued failures such as this before here could spur a confirmed reversal in profit taking.
This arrived well above expectations, and will be keenly monitored as the first for the year. The numbers came in as the monthly for November at +10.1%. this beat the consensus of just vs − 0.5%.
AUD/USD has moved into the 0.81 handle having climbed almost a cent over the course of the Us market and here it has found the momentum up through 0.8080 resistance with 0.8120 next challenge.
Meanwhile, we are light again for data until constructions and more importantly retail sales tomorrow for Australia. Thereafter at the end of the week markets will shift attention to the Nonfarm Payrolls event. Technically, should the downside prevail, we have a long term double Fibonacci support at 0.7950/30 as a major support level, while continued failures such as this before here could spur a confirmed reversal in profit taking.