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Aug 16 - 11:55 PM

AUD/USD - Falls Further After Worse Than Expected Aus Jobs

By John Noonan  —  Aug 16 - 09:40 PM
  • AUD/USD fell from 0.6398 to 0.6365 after worse than expected Aus jobs nAZN18FHXR

  • Rise in unemployment to 3.7% in July from 3.5% in June will be noted by RBA

  • Softening labour market makes it less likely the RBA will hike again

  • AUD/USD technically vulnerable after clear break below 0.6400

  • There isn't any support of note until the Oct 2022 low at 0.6170

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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