Australia is set to publish on Thursday at 00:30 GMT its November employment figures and the country is expected to have added 50,000 new jobs in November. Meanwhile, the AUD/USD pair is consolidating at two-year highs and poised to extend its rally, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Australia is expected to have added 50K new jobs after gaining 178.8K in the previous month. The unemployment rate is foreseen unchanged at 7%, and the same goes for the participation rate, which is expected at 65.8%.” “Employment figures need to be extremely discouraging to trigger a bearish extension, which anyway will likely be a corrective decline. The AUD/USD pair would need to break below 0.7450 to gain strength downwards, while below 0.7370, the risk of further declines will increase.” “An upbeat report could result in the aussie surpassing the 0.7600 threshold and extending its gains towards the 0.7660 area.” 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 US Congressional negotiators closing in on a $900B Covid-19 aid bill, sources say FX Street 2 years Australia is set to publish on Thursday at 00:30 GMT its November employment figures and the country is expected to have added 50,000 new jobs in November. Meanwhile, the AUD/USD pair is consolidating at two-year highs and poised to extend its rally, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “Australia is expected to have added 50K new jobs after gaining 178.8K in the previous month. The unemployment rate is foreseen unchanged at 7%, and the same goes for the participation rate, which is expected at 65.8%.” “Employment figures need to be extremely discouraging to trigger a bearish extension,… 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.
