The Australian dollar resumed its persistent uptrend today as domestic data showed continued economic recovery. Australian data showed 50,000 new jobs were added in December – which means that the Australian economy has recovered more than 90% of the losses suffered during the coronavirus lockdowns last year. The jobless rate dropped to 6.6% – even if it remains well above the pre-pandemic level of 5.2%. The pair is also helped up by the strongly bearish USD sentiment as the markets globally look ahead to more fiscal stimulus in the United States under President Joe Biden.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
AUDUSD overview 21.01.2021
AUDUSD rises on continued economic recovery.
The Australian dollar resumed its persistent uptrend today as domestic data showed continued economic recovery. Australian data showed 50,000 new jobs were added in December – which means that the Australian economy has recovered more than 90% of the losses suffered during the coronavirus lockdowns last year. The jobless rate dropped to 6.6% – even if it remains well above the pre-pandemic level of 5.2%. The pair is also helped up by the strongly bearish USD sentiment as the markets globally look ahead to more fiscal stimulus in the United States under President Joe Biden.
Expect buyers on downward corrections.
Next resistance to watch – 0.7800
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags