The Australian Dollar stabilised this morning on the back of a positive jobs report from Australia.
The jobless rate in Australia fell to 6.4% from 6.6% in December, versus markets forecast of 6.5%, data from the Australian Bureau of Statistics bureau showed today.
For Pound investors, tomorrow’s UK PMI data releases are expected to drive GBP/AUD movement.
The preliminary UK services PMI is forecast to show another contraction in the sector due to the national lockdown implemented at the start of January, which could cause Sterling to suffer.
Pound traders will also be looking to tomorrow’s UK retail sales figures from January, which again are expected to slump as the second wave of the coronavirus pandemic has pushed consumers away.
For Australian Dollar investors, Australia’s own retail sales figures are to be published overnight, and are forecast to show a rebound in January as the countries retail sector opens back up.
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 1.7942 1.7958 1.7989 1.8006 1.8037 1.8054 1.8084
Fibonacci 1.7958 1.7977 1.7988 1.8006 1.8024 1.8035 1.8054
Camarilla 1.8007 1.8012 1.8016 1.8006 1.8025 1.8029 1.8034
Woodie's 1.7950 1.7962 1.7997 1.8010 1.8045 1.8058 1.8092
DeMark's - - 1.7998 1.8011 1.8046
The jobless rate in Australia fell to 6.4% from 6.6% in December, versus markets forecast of 6.5%, data from the Australian Bureau of Statistics bureau showed today.
For Pound investors, tomorrow’s UK PMI data releases are expected to drive GBP/AUD movement.
The preliminary UK services PMI is forecast to show another contraction in the sector due to the national lockdown implemented at the start of January, which could cause Sterling to suffer.
Pound traders will also be looking to tomorrow’s UK retail sales figures from January, which again are expected to slump as the second wave of the coronavirus pandemic has pushed consumers away.
For Australian Dollar investors, Australia’s own retail sales figures are to be published overnight, and are forecast to show a rebound in January as the countries retail sector opens back up.
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 1.7942 1.7958 1.7989 1.8006 1.8037 1.8054 1.8084
Fibonacci 1.7958 1.7977 1.7988 1.8006 1.8024 1.8035 1.8054
Camarilla 1.8007 1.8012 1.8016 1.8006 1.8025 1.8029 1.8034
Woodie's 1.7950 1.7962 1.7997 1.8010 1.8045 1.8058 1.8092
DeMark's - - 1.7998 1.8011 1.8046
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.