By Justin Mcqueen — Aug 17 - 05:05 AM
AUD/USD fell to a fresh YTD low (0.6365) following weak AU jobs data
Employment -14.6k vs 15k f/c, U/r rises 0.2ppts to 3.7% vs 3.6% f/c
Weak data supports case that the RBA has likely finished tightening policy
Softer yuan and risk sentiment continues to plague the Aussie
Prior YTD low at 0.6459 now marks resistance
Oversold RSI and a close back above 0.64 would raise reversal risk
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Source:
Refinitiv IFR Research/Market Commentary