Big beat on the Aussie jobs report has put a strong bid under the Aussie dollar. AUD/USD risks printing eight-day high above the July 16 high of 0.7442. The bid tone around the Aussie dollar strengthened after the Australian Bureau of Statistics reported a big jump in full-time jobs in June. At press time, the AUD/USD pair is trading at 0.7430 – up 40 pips after the release of the data, having clocked a session high of 0.7442. Australian economy added 50.9K jobs in June, bettering the estimated drop to 17K from the previous month’s print of 21K by a big margin. More importantly, the full-time jobs rose by 41.2 K following a 20.6K drop registered in May. Meanwhile, the jobless rate came in at a seasonally adjusted rate of 5.4 percent expected. All-in-all, the upbeat employment report adds credence to RBA’s view that the labor market continues to tighten and the next move in the rates will likely be on the higher side. Hence, AUD/USD could soon print eight-day high above 0.7442. AUD/USD Technical Levels Resistance: 0.7442 (July 16 high), 0.7480 (50-day MA), 0.75 (Psychological hurdle). Support: 0.7360 (July 12 low), 0.7343 (previous day’s low), 0.7310 (July 2 slow). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/JPY Review: Aussie employment surges, adds over 50k new jobs FX Street 5 years Big beat on the Aussie jobs report has put a strong bid under the Aussie dollar. AUD/USD risks printing eight-day high above the July 16 high of 0.7442. The bid tone around the Aussie dollar strengthened after the Australian Bureau of Statistics reported a big jump in full-time jobs in June. At press time, the AUD/USD pair is trading at 0.7430 - up 40 pips after the release of the data, having clocked a session high of 0.7442. Australian economy added 50.9K jobs in June, bettering the estimated drop to 17K from the previous month's print… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
