The Aus Dollar exchange rate complex is dominating foreign market trade with strong gains being seen against the pound sterling, euro and US dollar through the end of the week.

The Aus Dollar exchange rate complex is currently seen consolidating after strong gains over the previous 24 hours:

The pound sterling to Australian dollar exchange rate is 0.01 pct higher at 1.8083.The euro to Aus dollar exchange rate is 0.09 pct up at 1.4775.The Australian to US dollar rate is 0.11 pct lower at 0.9365.If you are holding out for a better exchange rate, then DON'T miss out. You can lock in current rates while taking out the option to transact when your preffered rate is reached. Get in touch with an FCA-regulated specialist and set up an automatic order to capture the best exchange rate you can.

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Aus dollar family boosted by employment figures

The Australian economy added 14.2K jobs in April (vs. 8.8K exp. & 18.1K last), the unemployment rate remained unchanged at 5.8% for the stable participation rate of 64.7%.

"Better-than-expected jobs data sent AUD/USD up to three-week highs. The short-term trend turns positive; MACD (12, 26) will step in the bullish zone for a daily close above 0.9418," says a note from Swissquote research.

The next key resistance stands at 0.9499/0.9500 (Fib 76.4% on Nov’13 – Jan’14 pullback & psychological level).

According to Boris Schlossberg at BK Asset Management the ramp up in the labour force is likely to translate into better than expected growth in the second half of the year especially since Chinese demand does not show any serious signs of deterioration for now.

Further adding upside pressures on the Aus dollar exchange rate was Chinese Trade balance came in better than expected as well rising to 18.6B versus 16.7B projected.

Exports rose by 0.9% and imports increased as well to 0.8% indicating that growth in China remains robust and the PBOC is unlikely to engage in any additional stimulus for now.

"The double whammy of upside surprises provided a serious boost for the Aussie which rose nearly 80 points off session lows as it churned its way towards the 9400 figure," says Schlossberg.

Further, "the pair faces some serious resistance at the 9400-9500 corridor and its recent rise will no doubt be viewed with concern by the RBA, but given the markedly improved fundamental background, the monetary authorities in Sydney will have a difficult time keeping policy accommodative if labor demand continues to strengthen."

The Aussie will also benefit from the relative rate advantage for as long as the Fed continues to maintain its ultra low rate policy.

"For now the pair remains capped at the 9400 level but a break above could put it on target towards the 9500 handle," says Schlossberg.

Trading views: Equity market indicators

Stock/Benchmark ratio(s) 50D MA cross over:

BAT (+1.46% to 3415.5p), G4S Plc (+4.12% to 250.2p), Glencore Xstrata (+0.83% to 323.4p), Hammerson (+1.3% to 582.5p), Segro Plc (+1.84% to 355p), Severn Trent (+1.31% to 1861p)

Stock/Benchmark ratio(s) 50D MA cross under:

Experian (-6.53% to 1060p), ICAP (-5.37% to 394.4p), Ladbrokes (-2.51% to 147.7p), Petrofac (-1.86% to 1421p), Persimmon (-1.31% to 1360p), Sainsbury (-2.85% to 323.9p), Sage Group (-1.26% to 422p), Standard Life (-1.01% to 384.1p).

Stock(s) 50D MA cross over:

BAE Systems (+1.79% to 404.5p), Easyjet (+2.58% to 1710p), Legal & General (+3.04% to 220p), Vodafone (+1.27% to 226.75p)

Stock(s) 50D MA cross under:

Experian (-6.53% to 1060p), ICAP (-5.37% to 394.4p), Intermediate Capital Group (-1.27% to 434.4p), Lloyds Banking Group (-2.27% to 76.72p), Rolls-Royce (-2.98% to 1008p), Randgold Resources (-1.45% to 4703p), Schroders (-0.8% to 2593p), Thomas Cook Group (-0.95% to 178p), Wolseley (-0.99% to 3403p).