AUD-USD hit 0.9263 during late Asian trade, the pair’s lowest since June 5; the pair subsequently consolidated at 0.9267, declining 0.93%.The pair was likely to find support at 0.9230, the low of June 3 and resistance at 0.9358, the session high.Official data earlier showed that the number of employed people in Australia fell by 300 in July, confounding expectations for an increase of 12,000. June’s figure was revised down to a 14,900 gain from a previously estimated 15,900 rise.The report also showed that Australia’s unemployment rate rose to 6.4% last month, from 6.0% in June. Analysts had expected the unemployment rate to remain unchanged in July.
INTRADAY OUTLOOK
Support: 0.9249
Resistance: 0.9295
RECOMMENDATION:
1. Buy AUD/USD Above 0.9298: TG: 0.9313/0.9333 SL 0.9278
2. Sell AUD/USD Below 0.9245 TG: 0.9230/0.9210 SL 0.9265
INTRADAY OUTLOOK
Support: 1.6813
Resistance: 1.6860
RECOMMENDATION:
1. Buy GBP/USD Above 1.6863 TG: 1.6878/ 1.6898 SL 1.6843
2. Sell GBP/USD Below 1.6808 TG: 1.6793/1.6773 SL 1.6828
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