AUDCAD Slips Overnight, Aussie Jobs Fall Short of Expectations
AUDCAD encountered firm resistance near the 0.8930 zone, triggering a sharp overnight drop of nearly 50 pips. This move followed softer-than-expected Australian employment data for May, where total jobs unexpectedly declined by 2,500—well below the forecast of a 22,500 increase. Despite the miss, the unemployment rate held steady at 4.1%, unchanged for over a year.
Following this initial drop, the pair may enter a short consolidation phase before resuming its bearish trajectory, as technical patterns suggest continued downside pressure.
🎯 Key downside targets: 0.8845, 0.8825, and 0.8805
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUDCAD encountered firm resistance near the 0.8930 zone, triggering a sharp overnight drop of nearly 50 pips. This move followed softer-than-expected Australian employment data for May, where total jobs unexpectedly declined by 2,500—well below the forecast of a 22,500 increase. Despite the miss, the unemployment rate held steady at 4.1%, unchanged for over a year.
Following this initial drop, the pair may enter a short consolidation phase before resuming its bearish trajectory, as technical patterns suggest continued downside pressure.
🎯 Key downside targets: 0.8845, 0.8825, and 0.8805
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.