AUD/USD: Trading the Australian Employment Change Technical levels from top to bottom: 0.9751, 0.9670, 0.9556, 0.9428, 0.9283 and 0.9180. 5 Scenarios Within expectations: 12.0K to 18.0K: In this scenario, AUD/USD could show some slight fluctuation, but it is likely to remain within range, without breaking any levels. Above expectations: 18.1K to 22.0K: A strong reading could push the pair above one resistance level. Well above expectations: Above 22.0K: A sharp rise in employment numbers could propel AUD/USD upwards, and two resistance lines could be broken. Below expectations: 8.0K to 11.9K: A lower than expected reading could pull the pair downwards, with one support level at risk. Well below expectations: Below 8.0K: A very poor reading will likely hurt confidence in the Australian economy and AUD/USD could break two or more support levels.
Posted on: Wed, 09 Oct 2013 17:11:27 +0000
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