Credit Agricole assess the jobs data out from Australia a little earlier

ICYMI (the data):

Quick take from CA:

  • above 0.6800 is big resistance for AUD/USD
  • jobless rate at 5.2% is still migh higher than the RBA wants it, thus further rate cuts to come
  • overnight data from the US on retail sales combined with the Aussie jobs data a favourable for AUD at present