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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

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AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

AUSSIE
AUSSIE: AUD crosses dipped upon the release of a bleak Australian labour market
report. An above-forecast uptick in the unemployment rate was driven by a larger
than expected drop in employment coupled with a surprise decline in
participation rate, which fell below 63% for the first time since Jan 2001.
- AUD/USD sits -37 pips at $0.6847. The low of Jun 15 at $0.6777 remains the key
near-term bearish target.
- AUD/JPY trades -64 pips at Y73.02, with bears still looking for losses past
Jun 12 low of Y72.53. 
- AUD/NZD last deals -12 pips at NZ$1.0649. Bears look for a fall through Jun 15
low of NZ$1.0582, towards Apr 21 low of NZ$1.0484. As a reminder, NZD has been
limited by a below-forecast Q1 GDP released out of New Zealand earlier today.
- Worth adding that the release of the report provoked broader risk-off flows,
evident across G10 FX space.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com