Investors’ assessment showed that Fed may be unlikely to raise interest rates if the labour market was so. USD was sold strongly and gold prices increased sharply over resistance in 1142 to reach $ 1153.70 this morning.
Moreover, investors in Asia are players that led gold market, especially China, with the market reaction making gold price up $ 20 this morning after bad Non-farm payrolls, indicating the uptrend of gold in January and the first quarter this year.
USD is in the downward trend throughout this week as the U.S. economy is still losing its job status, putting pressure on the Fed to keep low interest rates. Low interest rates reduce the attractiveness of U.S. assets for investors.
In the Australian market, AUD ANZ Job Advertisements (MoM) (DEC) rose 6%, previously only 5.2%, suggesting the labor market in Australia extremely encouraging.
Those are very strong impacts on helping the aussie beyond the 0.9308 top when opening session of Asia this week. The  AUD may range at 0.9270/90 in the morning session.
However, the resistance for the currency is also extended to 0.9325, the support is 0.9220, so the uptrend can be back over 0.9300 this week if there is the Australia’s employment rate and bad retail sales in forecast from US.
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