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Oct 18 - 10:55 PM

AUD/USD - Falls After Mixed Aus Payrolls Report

By John Noonan  —  Oct 18 - 08:45 PM
  • AUD/USD dipped to 0.634 from 0.6330 after mixed Aus Sept jobs report nAZN1CTD3T

  • Headline jobs missed but unemployment unexpectedly eased to 3.6% from 3.7%

  • The fall in unemployment due to a lower than expected participation rate

  • AUD/USD was already under pressure due to the risk-off mood in Asia

  • Key support for AUD/USD at double-bottom and year's low at 0.6286

  • A break below 0.6285 targets the 2022 trend low at 0.6107

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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