Australia’s September employment contracted by 39,300 and unemployment held at 4.7%, driving interest-rate markets to price less than one more 25bp RBA hike through mid-2027—sending AUD/NZD and AUD/USD both lower, with October 28’s quarterly CPI now the key test of whether that repricing has gone too far.
The post AUD/NZD and AUD/USD Turn Lower as Markets Price Less Than One More RBA Hike After Jobs Shock appeared first on ActionForex.
AUD/USD’s fall break of 0.6948 minor support suggests that corrective bounce from 0.6903 has already completed at 0.7012. Intraday bias is back on the downside for 0.6903 first. Break there will target 0.6864, and then Read more…
Intraday bias in USD/CAD remains neutral as sideway trading continues. Further rise is expected as long as 1.4200 support holds. Firm break of 1.4298 will target 100% projection of 1.3480 to 1.4247 from 1.3730 at Read more…
Range trading continues in GBP/JPY and intraday bias stays neutral. While another fall cannot be ruled out, strong support should be seen from 206.10 fibonacci level to bring rebound. Considering bullish divergence condition in 4H Read more…