Australia Employment Change & Unemployment Rate

Australia Job Data

Australia will publish employment change as well as unemployment rate data at 0130 GMT/0700 IST. Market has expected 30.0K job data against 210.8K previous release while unemployment rate to come around 7.8 pct vs 7.4 pct previous release. Here, employment change must be higher than expected and unemployment rate must be lower than expected one.

Let’s see how AUD has reacted during the previous data release:

Employment Change

Unemployment Rate

July 16:

June 18:

Technical View:
AUD/USD: The Aussie reverses previous loss against U.S. dollar and remains well supported above $0.71 mark. The pair made intraday high at $0.7173 and low at $0.7109 marks. On the top side key resistances are seen at $0.7190, $0.7247, $0.7286 and $0.7344 mark respectively. On the other hand, a consistent close below $0.7142 will take the parity down towards key supports around $0.7082, $0.7040, $0.6969, $0.6922, $0.6861, $0.6833 and $0.6799 mark respectively.

Take a look and do trade wisely!
Good Luck

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