- Australian employment change -27,000 jobs in june
- Unemployment rate ticket higher to 5.2% from 5.1%
- May employment figures revised lower to 27,800 from 38,900
AUD depreciated against most of the major counterparts after disappinting jobs data, especially against safe haven currencies. However AUD/USD is coming under support at the time of this writing around 1.0280 from the rising trend line. A break of this support may expose higher losses for the Aussie. I am already short Aussie from 1.0240 and will be looking to add to the position on a confirmed break lower.
Initial targets are 1.0150 with stops at 1.0280
5/5 stars (2 votes)