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Add as a preferred source on Google FxWirePro: AUD/USD tanks after poor jobs data, good to short rallies Aussie plunged after data showed the Australia full-time jobs tanked in September, reigniting bets for further RBA easing. Data released earlier today showed that Australia's September employment report came at -9.8k vs …
By FxWirePro Team Oct 20, 2016, 5:24 AM UTC
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Aussie plunged after data showed the Australia full-time jobs tanked in September, reigniting bets for further RBA easing.
Data released earlier today showed that Australia's September employment report came at -9.8k vs 15k expected and -3.9k last.
Full-time job creation stood at -53k, overshadowing the positive part time jobs number of 43.3k.
The pair ended six-day winning streak and dived sharply into negative territory after dismal jobs data.
Techs on intraday charts have turned bearish, we see scope for further downside.
The pair has broken major trendline resistance at 0.77, scope for test of 0.7627.
Major support levels - 0.7658 (5-DMA), 0.7628 (20-DMA), 0.76, 0.7581 (Oct 17 low)
Major resistance levels - 0.77 (trendline), 0.7760 (Aug 11 high), 0.78, 0.7835 (Apr 21 high)
Recommendation: Good to go short on rallies around 0.7670/80, SL: 0.7740, TP: 0.7630/ 0.76/ 0.7580
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By FxWirePro Team Oct 15, 2026, 3:20 AM UTC
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