FxWirePro: AUD/USD slips lower as US dollar continues recovery

• AUD/USD extended declined on Friday as   U.S. dollar continued to recover following the mixed Federal Reserve outcome.

• U The dollar was also supported by data that showed the number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's jump.

• Australian Bureau of Statistics data on Thursday showed employment fell by 5,400 in August, against forecasts for a 21,500 gain, as full-time jobs slumped 40,900 after July’s revised 26,500 rise.

• The Fed resumed rate cuts on Wednesday and signaled openness to further easing, but coupled the move with cautions about persistent inflation, leaving uncertainty over the pace of future rate reductions.

• At GMT 07:02  Australian dollar was trading at down  0.26 % at $0.6595against the U.S. dollar. 

•  Immediate resistance is located at 0.6661 (Sep 18th high), any close above will push the pair towards 0.6711(23.6fib)

•  Support is seen at 0.6575 (38.2%fib) and break below could take the pair towards 0.6512(Sep 5th low).

 Recommendation: Good to sell around 0.6600 with stop loss of 0.6700 and target price of 0.6520