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AUD/USD fails to capitalize on the post-NFP upswing, slips back closer to 0.7100 handle


Friday, 5 April 2019 20:53 WIB

DOLLARAUD,AUD/USD,


c_740_198_16777215_00_images_assets_CURRENCY_aa_80796311_aussie_dollar1.jpg

The AUD/USD pair continued with its struggle to make it weekly tops and quickly retreated back to the lower end of its daily trading range, closer to the 0.7100 handle.

The pair did get a minor lift and jumped back to the 0.7130 supply zone in reaction to mixed US monthly jobs report for March, showing that average hourly earnings recorded a modest growth of 0.1% m/m and yearly rate also decelerated to 3.2% as compared to 3.4% previous.

The negative reading, to a large extent, was negated by stronger headline NFP print, showing that job creation bounced back nicely in March after disappointing in the previous month. In fact, the US economy added 196K new jobs and the unemployment rate held stable during the reported month.

Source : FXstreet


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