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Forex: AUD/USD consolidates gains above 1.0200

FXstreet.com (Barcelona) - The Aussie dollar managed to follow through the key level at 1.0200 on Thursday, helped by the stronger employment data in the domestic economy during April, with the jobless rate ticking lower to 5.5% and the Employment Change rising by 50.1K vs. 12K expected.

“Behind the headline the strong tone to these data continues with full-time employment rising 34.5K in April. Full-time employment has increased 38.6K in the first four months of this year. This compares to 28.4K in the first four months of last year”, assessed Adrian Foster, Analyst at Rabobank.

At the moment, the cross is up 0.61% at 1.0233 with the next hurdle at 1.0253 (high May 7) ahead of 1.0270 (hourly low/high May 6) and then 1.0274 (MA10d).
On the flip side, a breakdown of 1.0155 (low May 8) would open the door to 1.0116 (2013 low Mar.4) and finally 1.0100 (low Jul.12 2012).

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Forex: USD/CHF pares losses to trade at 0.9354/56

The USD/CHF has managed to pare its daily losses thus far, after an earlier setback during European trading took the cross to the depths of 0.9338 (session low). However, the recent climb is now testing the threshold of positive territory, settling at 0.9354/56 in these moments.
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