The market has been once again surprised with the economic data released showing only 1700 jobs were shed in May. Market has been caught short, with many expecting a bad number.
Yesterday commodity buying and a strong consumer confidence number helped AUD higher. Today the Employment figures will support AUDUSD on dips. On the day, look for initial resistance at 8130 with buyers now lining up at the 8070 area. A break thru 8130 should see up above 82c.
