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AUD/USD extends losses after the.............>

AUSSIE: AUD/USD extends losses after the publication of the latest Australian
labour market report. Headline unemployment rate edged higher to 5.3% from 5.2%,
which was driven by bump in participation rate to the record high of 66.2%.
Employment swelled more than expected, but solely on the back of part-time jobs
addition. Underemployment inched higher.
- The rate last trades off lows at $0.6796, 31 pips worse off. The 50% fibo
retracement of this month's rally at $0.6791 limited the reaction move and bears
look for a fall below the level. This would clear the way to the 61.8% fibo
retracement of the same range, located at $0.6767.
- AUD/JPY has shed 53 pips, last deals at Y73.52. A break under the Sep 9 low of
Y73.42 would open up the 50-DMA at Y73.32. Bulls would be pleased by a return
onto the Y74.00 handle.
- AUD/NZD last seen at NZ$1.0774, 29 pips lower on the day. The pair is heading
towards the channel support/Sep 16 low at NZ$1.0754/52. A breakout would expose
the NZ$1.0708-09 region, which registered a series of highs earlier this month.
Bulls look for a break above NZ$1.0797, the high of Sep 13.

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