News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • The US Dollar Index notably retreated from session highs, ultimately closing below the 94 handle $USD $DXY
  • A hold above could see the DXY run back towards the recent high at 94.56 up to 94.67 where the much larger level lies. Get your #DXY market update from @PaulRobinsonFX here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.18% 🇪🇺EUR: 0.10% 🇯🇵JPY: -0.05% 🇦🇺AUD: -0.10% 🇬🇧GBP: -0.13% 🇨🇦CAD: -0.13% View the performance of all markets via
  • Maybe this time we will get a genuine resolution rather than a patch within two weeks of disaster, but my cynicism says it's going to be another crisis management event
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: -0.15% Oil - US Crude: -0.25% Silver: -0.51% View the performance of all markets via
  • US Treasury Sec. Yellen: - Congress needs to act in order to protect US credit $SPX $USD $DXY
  • Gold prices plummeted more than 2.2% off the monthly high last week with the XAU/USD reversing off multi-month downtrend resistance. Get your $XAUUSD market update from @MBForex here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.16%, while traders in GBP/JPY are at opposite extremes with 76.92%. See the summary chart below and full details and charts on DailyFX:
  • US Treasury Sec. Yellen: - We will continue to use extraordinary measures through December 3 to avoid hitting the debt limit $USD $DXY
  • China's Treasuries holdings hit lowest since 2010, Japan at record high - BBG
AUD/USD Eyeing Topside Targets Ahead of Aussie Jobs Report

AUD/USD Eyeing Topside Targets Ahead of Aussie Jobs Report

Michael Boutros, Strategist

Talking Points


AUDUSD Daily Chart

AUD/USD 120min

AUDUSD 120min Chart

Technical Outlook: Aussie has been holding a well-defined range between just above the January highs at 7609 into 7699. Note that the pair has continued to respect this slope extending off the December/January lows and heading into tonight’s Australia employment report, I’ll favor the long-side while above the weekly lows with broader bullish invalidation at 7570- a region defined by the 23.6 % retracement, the lower parallel & would necessitate a break back below the monthly open.

A breach higher still faces a series of resistance targets at 7735, 7756 & the November highs a 7778. Added caution is warranted heading into tonight’s Australia employment report with the release likely to fuel volatile in the Aussie crosses. Keep in mind markets are anticipating a gain of 10K jobs for the month of January with unemployment & labor force participation widely expected to hold at 5.8% & 64.7% respectively. That said, the risk is to the downside in price on a miss in the data.

From a trading standpoint, I would be looking to fade weakness while above the slope support we tagged last night with a stretch into the topside targets on the data release likely to offer near-term opportunities on the short-side.

AUD/USD Eyeing Topside Targets Ahead of Aussie Jobs Report
  • A summary of the DailyFX Speculative Sentiment Index (SSI) shows traders are short AUDUSD- the ratio stands at -1.65 (38% of traders are long)- bullish reading
  • Long positions are 0.1% higher than yesterday but 9.3% below levels seen last week
  • Short positions are 9.9% lower than yesterday but 7.7% above levels seen last week
  • Open interest is 6.4% lower than yesterday and 1.3% below its monthly average
  • While the current SSI profile continues to point higher, it’s worth noting that the continued narrowing in the ratio from recent extremes does leave the long-bias vulnerable near-term while within this price range.

Relevant Data Releases

AUD/USD Eyeing Topside Targets Ahead of Aussie Jobs Report

Looking for trade ideas? Review DailyFX’s 2017 1Q Projections

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at or Click Here to be added to his email distribution list.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.