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Aussie slightly higher in tighter-range Friday's session

Friday, Jan 16 2015
It is a steadier morning part of Friday's session since there were no data releases from Australia. Aussie added few points this morning still supported by better than expected Thursday's job figures and unexpected fall in unemployment rate. After recent worrying signs on labour market this was a major positive sign of possible recovery.
 
This could also stop pressures on RBA to cut its interest rates in order to support labour market activity. However, despite these good figures, there is still a lot of room for economic progress, especially since third quarter's GDP rose only by 0.3%. On the other hand, Fed is getting ready to undergo interest rate hike which would further strengthen USD.
 
Aussie is currently being traded around 0.8230 area. Pair is likely to find support around 0.8150 level and resistance above 0.8270 area. Later today, in the US session CPI, Industrial Production and Consumer Sentiment figures are scheduled for a release.
More in this category: « US PPI decreased by 0.3% Sterling at 1.52 handle »

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