AUD/USD Forex Signal: Technicals Point to More Downside for

Check out today's AUDUSD Forex Signal- forex forextrade forextrading

The Australian dollar moved sideways after the latest RBA minutes. The minutes provided more color about the bank’s decision to reduce the size of rate hikes.inflation

The next key catalyst for the AUD/USD pair will be the upcoming Australian jobs data. Economists polled by Reuters expect the data to show that the unemployment rate remained unchanged at 3.5% while the participation rate rose to 66.6%. This unemployment rate is the lowest it has been in more than 50 years.

The Australian labor market has been tightening rapidly. It has the second-worst labor shortage in the OECD after Canada. As a result, the government raised its permanent immigration intake by almost 200k people this year. Still, wage growth has remained relatively under pressure.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Daily_Forex /  🏆 567. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AUD/USD flirts with daily low, just below 0.6300 mark amid resurgent USD demandThe AUD/USD pair struggles to capitalize on its modest intraday uptick and attracts fresh sellers near the 0.6330 area on Tuesday. Spot prices retreat
Read more »

GBP/USD Forex Signal: Double-Top Forms Ahead of UK CPI DataThe GBP/USD price continued consolidating as the market waited for the upcoming UK consumer inflation data.
Read more »

EUR/USD Forex Signal: Rebound to Parity Possible Ahead of EUThe EUR/USD price drifted higher on Wednesday morning as investors focused on the falling volatility and the upcoming European inflation data.
Read more »

GBP/USD, USD/CAD, Gold, Oil & S&P 500- Weekly Technical OutlookSetups we’re tracking in the USD Majors, commodities & equities heading into the weekly open. The levels that matter on the technical charts.
Read more »

AUD/USD bulls pierce 0.6300 as RBA Minutes, Bullock sound hawkishAUD/USD extends the week-start uptrend to refresh intraday high near 0.6315 as upbeat comments from the RBA policymakers and minutes favored the bulls
Read more »

AUD/USD Price Analysis: Further upside hinges on 0.6355 breakoutAUD/USD Price Analysis: Further upside hinges on 0.6355 breakout – by anilpanchal7 AUDUSD Technical Analysis ChartPatterns SupportResistance TrendFollowing
Read more »