A poor Australian Employment report has sent risk and in particular the AUD to session lows as the consensus was missed and the rate rose 10 basis points, the reading was led lower by the decrease in Full Time Employment. The details of the release are as follows:
Employment Change – Survey:10K Actual:-6.3K Prior:10.1K
Unemployment Rate – Survey:5.2% Actual:5.3% Prior:5.2%
Full Time Change – Actual:-39.9K Prior:20K
Part Time Change – Actual:33.6K Prior:-9.9K
Participation Rate – Survey:65.6% Actual:65.5% Prior:65.6%
The AUD/USD is trading on the 21 hr moving average between the 50% and 61.8% retracements. of the late October to November move.