The Aussie has recovered once more to be positioned strongly for a test of the key resistance that starts coming in at $0.8030. This has been a key ceiling on the Aussie since late January and remains the big resistance that is preventing a significant upside breakout for the Aussie. There has previously been an intraday break of the resistance but this failed at $0.8075 and there has never been the closing breakout which is needed on a move of such importance. This time around the momentum indicators are quite mixed in their outlook. The RSI is now consistently finding lows above 50, whilst the MACD lines are also positive. However, the Stochastics are a touch subdued which leaves me a little concerned.

There has already been one failed attempt I Asian trading hours which has fallen over at $0.8010 today. It is also concerning that the hourly momentum indicators are all suggesting that the Aussie has turned into a more corrective mode near term. A move back below the intraday support at $0.7947 from yesterday would signal another failed attempt. A failure of the support band $0.7860/$0.7880 would see the bulls lose control within the range once more.

As reported Forex-analysts of TeleTrade Company (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/), the Australian dollar rose by 0.5%, strengthening by month high after a positive report on employment in the country. According to the Australian Bureau of Statistics, the rate of employment, which reflects the change in the number of employed people in Australia, amounted to +37.4, and that is higher expectations +5.3. The unemployment rate in Australia in December fell to 6.1% from the previous figure of 6.2%. Although the December data came after a strong November jobs report, market participants still expect the RBA rate cuts in the next 12 months.
According to today's poll of traders, there is a chance that the Reserve Bank of Australia in the next 12 months will reduce the interest rate by 37 basis points. TeleTrade analysts reminded that expectations showed a decline of 41 basis points. Additional support to the Australian currency was the rise in prices of copper at 1.6% after its fall of 5.3%. It is worth noting that the metal is one of the 10 most valuable export units in Australia.
 

Yesterday was a day off in Japan; financial markets in the country were closed. And in Asia markets stocks traded in different directions. Today, the Hang Seng Index rose by 39.75 points (0.17%). Index S & P / ASX200 fell by 42.87 points (-0.78%). The Shanghai fell by 71.17 points (-2.17%). Now the price of gold is trading near the level of 1229.10. The euro / dollar was fixed near the level of 1.1860. USD / JPY is trading around 118.13. Today in Asia was adjusted upward Aussie against the US dollar, followed by the rise of the yen and gold. In a pair of Aussie / dollar today after testing the resistance around 0.8250 rate fell to 0.8237, said FIBO Group analysts.

According to experts of the Forex market, the Australian dollar is slowly but surely continues to pull all lower in tandem with US currency, and currency strategists at Goldman Sachs believe that this should not be surprising. On the contrary, you should be prepared for the fact that the decline will continue, although its potential in the near future will be somewhat limited. The bank pay attention to the continuing fall in prices for raw materials - iron ore, for example, now costs about $ 68 per ton, which is 50% lower than at the beginning of the year. In addition, the negative impact on the Aussie has investors' anxiety about the economy of China, where the efforts of officials mitigation policies indicate that the positive momentum in the economy remains fragile.

The currency pair AUD / USD has fulfilled the expected correction and almost did not give points for entry. Shopping, daily range was 67 points. High Elevation wherein, rose to a maximum of - 0.8266, while the Low level, can be seen at a minimum - 0.8199. As of today, considering the continuation of the correction. As an alternative, not excluded from the sale price breakdown 0.8196 mark, said the the analysts of the Forex Broker Company Forex Trend.
In December, the US manufacturing PMI fell. In December, the seasonally adjusted preliminary index of manufacturing activity fell to Markit PMI 53.7 vs. 54.8 mark in November, reaching a 11-month low. Production and new orders remained in December in an area of strong growth, but the pace slowed to a 11-month low. In addition, it slowed the creation of new jobs in the manufacturing sector.