AUDUSD was pressured by a soft domestic......>

AUSSIE: AUDUSD was pressured by a soft domestic labour market report and weak

Chinese activity data, printing a low of 0.7553, shy of Wednesday's post-FOMC

low, and just above hourly support from yesterday at 0.7548, with the daily bull

channel base from the YtD low coming in at 0.7523 today.

- To the upside, resistance is seen at the June 08 high of 0.7627, followed by

the high from April 23 at 0.7682.

- The labour report's headline reading came in shy of expectations, driven by a

fall in the number of those employed on a full time basis. Elsewhere the

participation rate eased marginally, which resulted in a marginal dip in the

unemployment rate. The underemployment & underutilisation rates remain elevated,

which doesn't auger well for wage growth/inflation.