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AUD/USD awaits jobs data but first watch Debelle

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    AUD/USD is up towards the psychological 076 handle on the back of the FOMC dovish outcome and back tracking on the dot plot.

    AUD/USD traders are pricing in just two hikes this year, provided that the US can continue to grow, despite the headwinds from overseas that the Fed are so concerned about, so much so that the statement included this variable again.

    We will now turn heads to the Aussie jobs data coming up in the Tokyo open in Asia. Before then, we have the RBA's Guy Debelle speaking at the FX Week Australia conference. Debelle is the Assistant Governor to the RBA, so there could be some commentary on monetary policy in Australia and the economy to look out for.

    AUD/USD levels

    Technically, AUD/USD rallied through both the 200 and 100 sma on the 0.74 handle ahead of the 4hr 20 sma at 0.7501 until the high of 0.7567. 0.7600 is key, while RSI on the daily is at 61 allowing for further advance on the bid in the upcoming session.

    AUD/USD could test the 0.7760 area – Commerzbank

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