eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• AUD/USD rallies 0.2% in Asia as Australia's June data beats expectations
• Jobs increase 76.4k vs 15.3k expected, unemployment rate steady at 4.4%
• Full time employment +29.3k, participation rate 67/0% vs 66.7% expected
• Robust jobs data will boost RBA rate hike expectations; Q2 CPI Wed now key
• Daily close above 0.7023, 38.2% Fibo of May-June drop, technically bullish
• More resistance at 0.7050, 0.7070-75; support 0.6985-90, 0.6960-65
• Asia range 0.6988-0.7021
AUD:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)