Currencies  |  March 14, 2013 08:45:00

Fundamental recovery in the AUD / USD Very good news brought by night the Australian labor market. No. of people employed rose by 71,500 last month, indicating a healthy improvement in the labor market and is a significant improvement compared with January, when the number increased only by 13 100th Economists had expected an increase of 10,000, which surpassed the result with an overview. The unemployment rate held at 5.4 percent.

Currency pair AUD / USD strongly reinforced after the news from down under. The market has bounced from a strong level of Fibonacci levels around 38.2 and stopped up to 1.0366 resistance. Oscillator offers us a bearish divergence that could move the market to correct.As long as price remains in a rising trend channel, it is for the pair held a positive outlook.

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