AUD volatile post jobs data

Some interesting price action after the Australian jobs data, which if anything was a bit disappointing. AUD/USD fell briefly below .8800 but has bounced sharply, taking out overnight highs, and intraday Algo traders have been caught short according to interbank sources. The next level of tecxhnical resistance is the oft-watched 20-DMA near .8855.

I’m still long and happy to stay that way.


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