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AUD/USD testing the 0.88 handle on jobs data

FXStreet (Barcelona) - AUD/USD is trading at 0.8807, down -0.37% on the day, having posted a daily high at 0.8853 and low at 0.8794.

AUD/USD has dropped back to test the 0.88 handle with the employment change coming in at -29,700 but coupled with an improvement in the unemployment rate change at 6.1% vs 6.2% expected. The participation rate was poor which may keep the bulls at bay while full time employment was positive at 21,600. Overall, the pair is still anchored to the handle despite this jobs result. The greenback remains broadly on the back-foot.

AUD/USD noteworthy levels

Current price is 0.8809, with resistance ahead at 0.8818 (Weekly High), 0.8841, 0.8853 and 0.8860 (Daily Classic R1). Next support to the downside can be found at 0.8804 (Hourly 20 EMA), 0.8794 (Daily Classic PP), 0.8787 (Weekly Classic R1) and 0.8765 (Hourly 100 SMA).

Australia's jobs take a hit in Sept, but full time jobs solid

Australia's employment change for the month of September came at -29,700 vs 20,000 exp and 32,100 last (from 121k), with the jobless rate coming at 6.1% vs 6.2% exp and 6.0% last (from 6.1%). Full time employment rose by 21,600 vs -79,300 last (from 14,300), with part time at -51,300. The participation rate was 64.5% vs 64.8% exp and 65.2% last.
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AUD/JPY finds plenty of buyers after Aus jobs

AUD/JPY has encountered strong dip buying activity following the release of a downbeat Australian jobs report, taking the exchange rate as cheap as 95.20 before a vigorous bounce to rest 95.50 offers.
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