AUD/USD holds steady at $0.6826 before the...>

AUSSIE: AUD/USD holds steady at $0.6826 before the release of Aussie labour mkt

report. As usual, worth looking into nuances such as spare capacity as well as

at the main figures. Consensus is for the unemployment rate to stay unchanged.

- Broader caution ahead of FOMC MonPol decision, with investors still looking

for clarity re: the recent Middle Eastern tensions, amounted to a heavy tone

evident through yesterday's Asia-Pac trade. European hours saw the rate rebound

& reclaim the bulk of its earlier losses. However, the latest MonPol decision

from the FOMC knocked the pair on its head, as the Committee proved fractured

re: the need for further easing after delivering the expected 25bps rate cut.

- Yesterday's decline allowed bears to regain some momentum, with the Sep 5 low

of $0.6794 providing the nearby downside target, situated above the $0.6791 50%

retracement of this month's rally. Meanwhile, bulls look to the rate to take out

the 50-DMA at $0.6844 before setting their sights on $0.6869-70, which capped

daily gains thrice this month.

- Except for the aforementioned jobs data, Australian docket for the remainder

of this week lacks any major releases.