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AUD/USD volatile on jobs data and pressing downside

FXStreet (Guatemala) - AUD/USD is trading at 0.8560, down -0.37% on the day, having posted a daily high at 0.8609 and low at 0.8559.

We have a mixed bag of results and volatility round the releases of the Australian jobs data. However, overall it has been an improvement on the revisions of softer data at the start of the week. The Employment Change was 24.1K vs 10k expected. Full Time Employment Change was 33.4K and the Part Time Employment Change was -9.4K in Oct vs 21.6K and -51.3K in Sep. The Labor Force Participation Rate was 64.6% in Oct vs 64.5% expected and 64.5% in Sep.

AUD/USD noteworthy levels

Current price is 0.8562, with resistance ahead at 0.8574 (Weekly Classic S3) and 0.8593. Next support to the downside can be found at 0.8559, 0.8517 (Daily Classic S1), 0.8442 (Daily Classic S2), 0.8318 (Daily Classic S3) and 0.8104 (5 Year Low).

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