Thursday, February 16, 2012

AUD

The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of Australian data on Employment Change.

AUD/USD was trading at 1.0719, up 0.22% at time of writing.

The pair was likely to find support at 1.0630, Tuesday’s low, and resistance at 1.0778, Monday’s high.

Earlier in the day, official data showed that Australian employment change rose more-than-expected to a seasonally adjusted 46.3K last month from -35.6K in the preceding month whose figure was revised down from -29.3K.

Analysts had expected Australian employment change to rise 10.9K last month.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.43% to hit 1.2163 and AUD/JPY rising 0.27% to hit 84.11.

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