# AUD/USD Potential Retracement to 1.0500 (April 11, 2013) Source: https://www.tradersway.com/resources/market-info/aud-usd-potential-retracement-to-1-0500-april-11-2013/ Language: en Updated: 2013-04-11 Description: Explore AUD/USD Potential Retracement to 1.0500 (April 11, 2013). A. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. AUD/USD suffered a quick selloff during today’s early Asian session when Australia printed weaker than expected jobs data. The actual report showed a 36.1K drop in hiring, worse than the estimated 6.1K decrease, bringing the jobless rate up from 5.4% to 5.6% for March. The previous month’s figure was revised upwards from 71.5K to 74.0K though. ![AUD/USD Potential Retracement to 1.0500 (April 11, 2013)] With that, AUD/USD might have a chance at testing the former resistance level around 1.0475 to 1.0500. This is in line with the 38.2% Fibonacci retracement level on the 1-hour time frame. Stochastic is pointing higher at the moment, suggesting a potential move up. Take note though that, should the pair rally, the next area of resistance is located at the 1.0600 major psychological level. However, if weak Australian data continue to weigh the pair down for the rest of the trading sessions, a break below the Fib levels could mean AUD/USD is headed back for 1.0200. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/aud-usd-potential-retracement-to-1-0500-april-11-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/aud-usd-potential-retracement-to-1-0500-april-11-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/aud-usd-potential-retracement-to-1-0500-april-11-2013/", "headline": "AUD/USD Potential Retracement to 1.0500 (April 11, 2013)", "inLanguage": "en", "datePublished": "2013-04-11T10:20:39+00:00", "dateModified": "2013-04-11T10:20:39+00:00", "articleSection": "Market Info", "description": "Explore AUD/USD Potential Retracement to 1.0500 (April 11, 2013). 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