Posted 12/8/2023, 4:24:32 PM
AUD/USD Slips on Strong US Jobs Data, Higher Yields; Bull Trend Intact
- AUD/USD declined due to strong US jobs data and rising yields, currently at 0.6580
- US wages, job creation up and unemployment down in November
- Higher US yields make the Dollar more attractive, speculation around more Fed rate hikes
- Despite recent weakness, AUD/USD remains above key SMAs, overall bullish trend intact
- Next key data is November US CPI figures, levels to watch include support at 0.6575 and resistance at 0.6600