AUD/USD extended higher in mid-Asian session, bounced off the 0.73 handle to currently trade at 0.7318 Steady Australian employment numbers and rising inflation expectations boosted the Antipodean Broad based USD weaknes…
AUD/USD extended higher in mid-Asian session, bounced off the 0.73 handle to currently trade at 0.7318
Steady Australian employment numbers and rising inflation expectations boosted the Antipodean
Broad based USD weakness after yesterday's dismal data also kept the pair supported
Australia's participation rate declined from 65% to 64.9% helped keep the unemployment rate at 6.2% last month
The benchmark S&P/ASX index also edged higher by strong gains seen in the mining and oil stocks on the back of overnight rally in oil prices
AUD/USD will be influenced by the broader market sentiment in the day ahead, US CPI data will also be closely watched
Immediate resistance is located at cloud base by 0.7322 ahead of 0.7350 (session highs), while supports on the downside lie at 0.73 and then at 0.7230 (10 DMA)
