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AUD News

This is a discussion on AUD News within the Analytics and News forums, part of the Trading Forum category; The jobless rate in Australia was a seasonally adjusted 5.7 percent in April, the Australian Bureau of Statistics said on ...

          
   
  1. #321
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    Australia Unemployment Rate Falls To 5.7% In April

    The jobless rate in Australia was a seasonally adjusted 5.7 percent in April, the Australian Bureau of Statistics said on Thursday.

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  2. #322
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    Under pressure by the resistance of the descending trend line on 4-hour chart, AUDUSD pulled back from 0.7466. Another rise to test the trend line resistance is still possible after consolidation. As long as the pair is below the trend line, the rise from 0.7328 could be treated as correction of the downtrend from 0.7610 and another fall towards 0.7250 is still possible. On the upside, a clear break out of the trend line resistance will indicate that the downward movement from 0.7610 had completed at 0.7328 already, then the following bullish move could bring price to 0.7550 zone.


  3. #323
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    AUDUSD’s rise from 0.7328 extended to as high as 0.7469. The pair is facing the resistance of the descending trend line on 4-hour chart. As long as the trend line resistance holds, the rise could be treated as consolidation of the downtrend from the March 21 high of 0.7749, and another fall could be expected after the consolidation. Near term support is at 0.7388, a breakdown below this level could signal resumption of the downtrend from 0.7749. On the upside, a clear break of the trend line resistance will indicate that the downtrend had completed at 0.7328 already, and the following upward movement could bring price into 0.7550 zone.


  4. #324
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    Australia Completed Construction Work Slips 0.7% In Q1

    The total value of construction work completed in Australia was down a seasonally adjusted 0.7 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Wednesday - standing at A$46.416 billion.

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