AUD/USD dips by 25 pips after jobs data

The headline unemployment number came in at 5.4% and the economy lost 5,000 jobs with full-time jobs down by almost 14,000. This was slightly worse than expected.

No point in trading the AUD/USD at these levels, I’d consider buying at 1.0475ish or selling at 1.0585ish.

  1. I expected the data to have a greater negative impact. The fact that the AUD is almost unchanged after a manifestly poor jobs report means this pair is surely going higher. Some big guns are being aimed at the 1.06 barrier.

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