The AUDUSD on the move up after better than expected employment

The AUDUSD is on the rise after stronger than expected employment numbers and a drop in the Unemployment rate. We see the move set to extend up to the highs around 0.6925 with the first potential reaction from the sellers towards 0.6897. Buyers may have to reposition themselves as the potential for the RBA to cut rates again is put on hold. Momentum is up and the buyers are jumping in so now simply watching for a higher low to build the shoulder entry setup to minimize the risk.

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