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Sep 13 - 10:55 PM

AUD/USD - Briefly Breaks Above 0.6450 On Strong Aus Jobs Beat

By John Noonan  —  Sep 13 - 09:40 PM
  • AUD/USD popped up to 0.6454 from 0.6440 after Aus August jobs report nAZN1AR4VD

  • Job gains much better than expected while unemployment unchanged at 3.7%

  • The rally was short-lived and AUD/USD back below 0.6440

  • The August employment data unlikely to impact RBA expectations

  • A clear and sustained break above 0.6450 targets 0.6522 double-top

  • Support is at the 21-day MA at 0.6426 and 10-day MA at 0.6414

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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