There had been quite a few rumblings in the market this morning that the Australian jobs number might be disappointing so the market wasn’t totally unprepared one would think.
The unemployment rate rose to 6.4% and the AUD/USD dipped to .7650, still 25 pips above last weeks 6-year lows.
We are currently trading near .7670 and I’d suggest a short-term trading range between .7625/.7725.
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