Today’s weaker Aussie Unemployment Rate 5.2% is going to put the RBA under huge pressure to cut rates again. They highlighted the labor market as the main focus in their recent most recent Statement. The market is already starting to price in a rate cut for July.
Current Technicals: Down
Daily Support: 0.6880
AUDUSD FULL TIMEZONE CHARTS- Current Price 0.6910
Current Fundamentals: Down
Central Bank Sentiment: Down
Geopolitical Impact: Down
Upcoming Potential Fundamental Drivers
Short positions below 0.6950 and adding to the position as it breaks 0.6880.
Above 0.6935 we should see a quick stop loss run towards 0.7000 but that will be very short-lived.
If trading the technical levels: Trendline Trader.
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