- Analytics
- News and Tools
- Market News
- AUD/USD: Watch employment report tomorrow – OCBC
AUD/USD: Watch employment report tomorrow – OCBC
Australian Dollar’s (AUD) decline slowed this week as USD bulls took a breather, while on tariff aspect, there was report that the Trump team is considering more gradual pace of increases. AUD was last at 0.6190 levels, OCBC's FX analyst Christopher Wong notes.
Rebound risks not ruled out
"Rebound in Chinese equities did provide some relief for risk assets. This week’s focus on data – employment report (Thu) before next week’s much anticipated US presidential inauguration. A hotter print may lend strength to AUD momentum."
"Elsewhere, markets are keen to find out how soon and what magnitude and scope are for tariffs. Worries of tariffs may keep sentiment pressured and AUD trading soggy. But at the same time, a less drastic approach or any delay to tariff implementation could see risk proxies take an extended breather."
"Daily momentum is mild bullish while RSI rose. Rebound risks not ruled out but may require the blessing of a robust AU labour market report and for China to hold up. Resistance at 0.6210 (21 DMA), 0.6320 (23.6% fibo retracement of 2024 high to 2025 low) and 0.6360 (50 DMA). Support at 0.6130 (recent low), 0.60 psychological level."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
