AUD crosses dipped in the wake of the........>

AUSSIE: AUD crosses dipped in the wake of the release of Australian labour

market report before moving away from lows. The data revealed a higher

participation rate that outweighed the higher than expected headline job growth,

pushing the unemployment rate higher. This pattern was also observed last month

and has seen the unemployment rate move from 4.9% to 5.2% over that horizon. The

release shifts focus to next week's RBA minutes & address from RBA Gov Lowe.

- AUD/USD last sits at $0.6906, 22 pips worse off, after having a look below

$0.6900 and touching a fresh multi-month low of $0.6893. A breach of the

aforementioned low would open up the 76.4% fibo retracement of the year's range,

located at $0.6872.

- AUD/NZD last deals at NZ$1.0537, 19 pips lower on the day. Initial support

noted at May 6 monthly low of NZ$1.0518, which has remained intact post-data.

Below here opens the lower 1.0% 10-DMA envelope at NZ$1.0477.

- AUD/JPY has shed 38 pips and last trades at Y75.56, after printing a new

multi-month low of Y75.40. A move through the lower 2.0% 10-DMA envelope at

Y75.15 would expose the Y75.00 mark.