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TDUX
Jul 22 - 10:55 PM

AUD/USD - Rallies On Jobs Surge, Heads For Test Of Resistance

By Krishna Kumar  —  Jul 22 - 09:51 PM

• AUD/USD rallies 0.2% in Asia as Australia's June data beats expectations

• Jobs increase 76.4k vs 15.3k expected, unemployment rate steady at 4.4%

• Full time employment +29.3k, participation rate 67/0% vs 66.7% expected

• Robust jobs data will boost RBA rate hike expectations; Q2 CPI Wed now key

• Daily close above 0.7023, 38.2% Fibo of May-June drop, technically bullish

• More resistance at 0.7050, 0.7070-75; support 0.6985-90, 0.6960-65

• Asia range 0.6988-0.7021
AUD:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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