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AUD/USD dumps on disappointment in jobs

FXStreet (Guatemala) - Currently, post key events, AUD/USD is trading at 0.9313, down -0.43% on the day, having posted a daily high at 0.9360 and low at 0.9309.

We had the release of the disappointing jobs data, the AUD is under pressure. Unemployment increased 43,700 to 789,000 and Participation rate increased 0.1 pts to 64.8%. Full details here. The data was quite alarming in a market that was expecting solid and favourable results. Now we can hold out for the quarterly Statement of Monetary Policy from the RBA tomorrow.

AUD/USD Levels

With spot trading at 0.9314, we can see next resistance ahead at 0.9332 (Daily 100 SMA). Support below can be found at 0.9309 (Low), 0.9305 and 0.9260.

Australian unemployment rate soars to 6.4%

Australian employment change s.a. (Jul) came at 300 vs 12,000 exp and 15,900 last, with the unemployment rate s.a. at 6.4% vs 6% exp and 6% last. Fulltime employment at 14,500 vs -3,800 last, and part-time employment at -14,800 vs 19,700 last. The participation rate was 64.8 vs 64.7% last.
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AUD/JPY is selling-off following a disappointing Australian jobs report, which saw a significant miss in employment change and the jobless rate surge from 6% to 6.4%.
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