The Australian dollar has rallied at the end of the week after the jobs report came out of America smaller than anticipated. That being said, it looks like resistance is still holding true, so I’m not sure what has changed.
The USD has fallen hard during the week and is now testing a major support region. This is a move mainly driven by the Bank of Japan intervention that has happened. However, there is a major list of reasons to think this trend will continues eventually.
The Non-Farm Payroll announcement came out lower than expected, as the markets continue to jump back and forth due to the expectations of the interest rate decisions from Washington.
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