• EUR/AUD slipped lower on Friday as traders digested a surprisingly weak U.S. employment report.
• Nonfarm payrolls fell by 23,000 in July, following a downwardly revised 20,000 gain in June, according to the Labor Department's closely watched employment report released Friday.
• The unemployment rate fell to 4.1% from 4.2% in June as the labor force participation rate declined further.
• Fed funds futures were pricing in 40% odds of an interest-rate hike at the Fed’s September meeting, down from 55% before the data.
• Immediate resistance is located at 1.6448(50%fib), any close above will push the pair towards 1.6476(Higher BB).
• Immediate support is seen at 1.6310(38.2% fib) and break below could take the pair towards 1.6249(Lower BB).
Recommendation: Good to sell round 1.6370, with stop loss of 1.6450 and target price of 1.6300
