Forex: AUD/USD finishes the week up 1.24%, again fails to take out resistance at 1.0600
The AUD/USD finished the NY session down 32 pips at 1.0508. The pair still notched an impressive week (+1.24%), particularly given the lack luster economic data released which showed the unemployment rate at a 3 year high (5.6%). Earlier in the week the pair traded as high as 1.0582 but once again failed to take out critical resistance at 1.0600. Currently, the pair is up 3 pips at 1.0510 during early Asia trade.