AUD/USD jumped to a 27 year high following the job figures. The gain of 49,500 jobs was far better than expected. Will we see parity soon? Update on this strong currency. The Australian job market added 49,500 jobs in September, far better than 20,200 that was expected. Last month’s gain was also positive – a small upwards revision from 30,900 to 31,600. Australia’s unemployment rate continues to be of envy to other Western countries – it remained unchanged at 5.1%, as expected. The Aussie jumped from around 0.9750 to just under previous 27 year high of 0.9849 recorded in July 2008. This was already a break of the 0.98 resistance line, but the Aussie stalled at this level during the Asian session. In the wake of the European session, this level was broken – AUD/USD currently trades at 0.9880, and the move is still going on. As we are in an uncharted area, the next clear level of resistance is 1 – AUD/USD parity. The Aussie now trades in the highest levels since the currency was allowed to float. Earlier this week, the RBA decided to leave the interest rate unchanged at 4.50%, in a move that fell short of some expectations. Many had expected a hike to 4.75%. AUD/USD dropped as low as 0.9540 but gradually recovered and returned to the previous levels before the job figures were released. Note that the dollar is losing further ground across the board, with EUR/USD approaching 1.40, USD/JPY at fresh 15 year lows and USD/CHF digging lower. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next GBP/USD Breaks Higher After Rate Decision Yohay Elam 12 years AUD/USD jumped to a 27 year high following the job figures. The gain of 49,500 jobs was far better than expected. Will we see parity soon? Update on this strong currency. The Australian job market added 49,500 jobs in September, far better than 20,200 that was expected. Last month's gain was also positive - a small upwards revision from 30,900 to 31,600. Australia's unemployment rate continues to be of envy to other Western countries - it remained unchanged at 5.1%, as expected. The Aussie jumped from around 0.9750 to just under previous 27 year high of 0.9849 recorded in July… 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.