AUD Strives to Surge Supported by Australian Job Data, June 11th,2015

AUD Strives to Surge Supported by Australian Job Data, June 11th,2015

   During the session today, without significant data released in the afternoon, data released in today’s evening are much more important. Investors should operate with caution since the market in the evening is highly volatile. Australia has seen better-than-expected job data released at 9:30 this morning, backing up the bullish momentum of AUS which is predicted to considerably influence the big board. 

Technically speaking, the candlestick chart of AUD/USD pair has rallied in today. Resistance is found at 0.7800 and support at 0.7637-0.7610. We are buyers of a call option with the entry position at the next pullback. 

The EUR/USD pair have bounced around over the short term period without sustaining supporting motivation. Watching carefully the range at the hour level can help you determine the future direction. We found a supportive level at 1.1228 and resistive level at 1.1347.
We are considering buying call option, as the GBP/USD pair has hit its new high since June 4th. Valid support is found at 1.3439, and we would begin to buy call option in medium to long term period. 
With influence of yesterday’s data, the USD/JPY pair has pulled back with downward trend in 4-hour level. We believe that puts should be purchased on signs of pips. Resistance is found at 123.882.
All the information mentioned above is for reference only. FX77 Option team will keep an eye on the market and set the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please follow us.

By Alexander Slavchev
With an allround knowledge of the financial markets, I've covered European and American markets for years - providing detailed technical and fundamental analysis of the forex markets.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.