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AUD crosses lose altitude following the......>

AUSSIE
AUSSIE: AUD crosses lose altitude following the release of an underwhelming
Australian jobs report. The unemployment rate ticked higher to 5.3% against
projection of no change. This uptick was underpinned by a slight, unexpected
fall in the participation rate and a surprise decrease in employment.
Underemployment & underutilisation rose, erasing declines from the prior month.
We have also seen negative revisions to the previous employment readings.
- AUD/USD deals at $0.6805, 33 pips worse off. Trendline support/50-DMA at
$0.6826/19 gave way. Consolidation below the Oct 25 trough at $0.6809 & a dip
under $0.6800 would open the 61.8% retracement of the Oct bull mkt at $0.6770.
- AUD/NZD last seen at NZ$1.0632, 34 pips lower. The 100-DMA at NZ$1.0622
remains in focus, ahead of the next round figure below.
- AUD/JPY has dropped 41 pips, sits at Y74.00. Bears look for a break under the
50-DMA/100-DMA (note the recent bullish crossover) at Y73.76/71. Below would
expose the 38.2% retracement of the Aug 26 - Nov 7 rally at Y73.49.

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