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May 14 - 09:48 PM

AUD/USD - Moves Lower After ABS Details Aus Unemployment Rate

By John Noonan  —  May 13 - 10:00 PM
  • AUD/USD had a choppy reaction to the release of the Aus jobs data

  • It moved up to 0.6470 on the headline unemployment rate better than expected

  • ABS said without huge fall in the participation rate Unemp would be 9.6% nAZN0QOO00

  • AUD/USD reversed lower to 0.6425 and is currently trading around 0..6430

  • The 21-day MA is at 0.6427 and has been decent support on dips

  • Key support at double-bottom between 0.6370/80










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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