Raising s/l on part of AUD long

Raising s/l on one part of AUD/USD long to just under pre-labour data level.

The data was close to expected. Full-time / Part-time split was favourable, but revisions were a bit softer.

The data removed one level of uncertainty that may have been holding back buyers.  As mentioned the expected outcome already incorporated a higher trend growth rate for the data so should tend to support the AUD.

Market will still be wary of RBA comments and CPI next week, and reluctant to pay above .80

Position

Long half unit AUD/NZD at 1.0553; 1.0693

Long half unit  AUD/USD at 0.7790; s/l 0.7773; t/p 0.8478

Long half unit AUD/USD at 0.7929; s/l 0.7943; t/p o.8478 (s/l raised)



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Greg Gibbs,
Founder, Analyst and PM
Amplifying Global FX Capital Pty Ltd