AUD/USD | Australian Dollar to US Dollar Trading Analysis

AUD/USD | Australian Dollar to US Dollar Trading Analysis

Written by: PaxForex analytics dept - Friday, 17 April 2020 0 comments

The Australian dollar on Thursday continues to retreat in pairs with the US dollar. The morning statistics showed some deterioration in the Australian labor market. The unemployment rate in March rose to 5.2% from the previous level of 5.1%. The reality, however, turned out to be better than expected, which implied an increase to 5.4%. In March, the Australian economy created 5.9 thousand jobs after an increase of 25.6 thousand in February. This number was expected to decrease by 33.0 thousand. However, the Australian labor market looks very stable - the authorities have reformed it for several years and made the sector extremely diversified. 

AUD/USD, 30 min 

Pivot: 0.6364