AUDUSD is erasing gains from better employment data and moves back into cluster of MAs ...Middle East

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AUDUSD is erasing gains from better employment data and moves back into cluster of MAs
The AUDUSD moved higher earlier today after the monthly employment data was much stronger than expectations. The unemployment rate fell to 3.7% from 4.1% last month. The employment change showed a gain of 116.5K versus 39.7K estimate. That data helped to propel the pair up toward a topside trendline, where sellers leaned (see chart below) and started the move back down. The dollar buying in the US session has continued the move back lower. The price has now broken back below its 100-day moving average of 0.65845, and extended to its 100-day moving average on the 4-hour chart at 0.6560, and its 200-day moving average just below that level at 0.6558. Break below those levels and the 200-bar

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