AUD/USD made fresh year highs on fundamentals - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Valeria Bednarik, chief analyst at FXStreet noted that the AUD/USD pair rallied to a fresh year high of 0.7736 during the American session, following the release of tepid US inflation figures.

    Key Quotes:

    "The Aussie was underpinned at the beginning of the day, after Australian employment data for March, beat expectations.

    According to official data, the economy created 26,100 new jobs during the month, while the unemployment rate fell to 5.7%, the lowest since September 2013.

    The pair retreated quickly from the level, but met buying interest around 0.7690, now the immediate short term support."
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