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7 Aug 2014
AUD/USD dumps on disappointment in jobs
FXStreet (Guatemala) - Currently, post key events, AUD/USD is trading at 0.9313, down -0.43% on the day, having posted a daily high at 0.9360 and low at 0.9309.
We had the release of the disappointing jobs data, the AUD is under pressure. Unemployment increased 43,700 to 789,000 and Participation rate increased 0.1 pts to 64.8%. Full details here. The data was quite alarming in a market that was expecting solid and favourable results. Now we can hold out for the quarterly Statement of Monetary Policy from the RBA tomorrow.
AUD/USD Levels
With spot trading at 0.9314, we can see next resistance ahead at 0.9332 (Daily 100 SMA). Support below can be found at 0.9309 (Low), 0.9305 and 0.9260.
We had the release of the disappointing jobs data, the AUD is under pressure. Unemployment increased 43,700 to 789,000 and Participation rate increased 0.1 pts to 64.8%. Full details here. The data was quite alarming in a market that was expecting solid and favourable results. Now we can hold out for the quarterly Statement of Monetary Policy from the RBA tomorrow.
AUD/USD Levels
With spot trading at 0.9314, we can see next resistance ahead at 0.9332 (Daily 100 SMA). Support below can be found at 0.9309 (Low), 0.9305 and 0.9260.