The Australian Dollar (AUD) traded into Tuesday to 0.6120 (1.6335), just below the weekly open, the Euro enjoying the weaker sentiment and mixed Chinese CPI data pulling on the AUD. Markets await Australian jobs data tomorrow expected to show a slight rise to 3.9% from 3.8% based on a range of economic indicators reflecting an economy easing and a deterioration of the job’s market. The number of job’s adds in Australia has fallen sharply down to 2021 levels as the demand from employers drops. A retest of 0.6105 (1.6380) looks likely.
Current Level: 1.6345
Resistance: 1.6380
Support: 1.6180
Last Weeks Range: 1.6218- 1.6382