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AUD/USD

FXStreet (Guatemala) - AUD/USD is trading at 0.9370, down -0.16% on the day, having posted a daily high at 0.9414 and low at 0.9350.

AUD/USD dropped 40 pips on the release of a series of jobs data that the market had been waiting all week for as the Australian highlight in the calendar this week. The headline of the Australian jobs report came below expectations which bought in the flow of offers, however, while there was a hit taken by the longs, there might be those holding on in there given the numbers were actually quite encouraging in respect of full-time employment saw +22,200 jobs being created.

AUD/USD Levels

Current price is 0.9371, with resistance ahead at 0.9372 (Weekly High), 0.9379 (Monthly High), 0.9384 (Daily Open), 0.9384 (Hourly 20 EMA) and 0.9386 (Daily Classic PP). Next support to the downside can be found at 0.9364 (Yesterday's Low), 0.9363 (Daily Classic S1), 0.9359 (Hourly 100 SMA), 0.9350 (Daily Low) and 0.9341 (Daily Classic S2).

Australian jobs: headline disappoints, details not so bad...

While the headline of the Australian jobs report came below expectations with an employment change s.a. (May) of -4800 vs +10,000 exp, the numbers were actually quite encouraging, as fulltime employment saw +22,200 jobs being created, while part-time employment came at -27000. The unemployment rate s.a. was unchanged at 5.8% vs 5.9%, with the participation rate slightly lower at 64.6% vs 64.7% exp.
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AUD/USD dumps

AUD/USD is trading at 0.9370, down -0.16% on the day, having posted a daily high at 0.9414 and low at 0.9350.
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