Gains given back but 100 hour MA holding
In Australia, toward the beginning of the trading day, they announced better jobs data with the employment change adding 37.4K jobs vs 4.5K estimate. This comes on the back of a 60.0K gain last month. The Unemployment rate moved to 5.7% from 5.9%. That rate equals the lowest level for the year. The mix of job creation was skewed toward the part time jobs with part time jobs adding 49K vs 11.6K for full time, but last month, the reverse was true with Full time adding 74.5K while part time fell -13.6K.
Forex technical analysis: AUDUSD little changed after employment rally fizzles
