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May 20 - 11:55 PM

AUD/USD - Drops As Australian Unemployment Spikes

By James Connell  —  May 20 - 09:37 PM

• AUD/USD -0.2% Thur as employment data misses expectations

• AU Apr employment -18.6k, unemployment 4.5% (poll +15k, 4.3% respectively)

• Fed minutes reveal officials more concerned on inflation & open to FFR hikes

• Trump says peace negotiation in final stages, but continues to threaten Iran

• AUD upswing out of steam, likely to move back towards 0.7093 55-DMA

• Range Asia 0.7130-555, support 0.7080 0.6834, resistance 0.7283 0.7661
AUD Daily 55-DMA


AUD Hourly Bollinger Study


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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