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[QUOTE="Mikhail Kurakin, post: 197440, member: 2368"] AUD/USD: rhetoric of the US Fed again disappointed the markets Current trend The pair AUD/USD continues to correct in a lateral trend amid ambiguous data on the Australian labor market and is at 0.7465. The overall unemployment rate fell in June to 4.9% from 5.1% in May, but the number of people employed increased by 29.1K (slightly lower than the 30.0K forecast). The share of the economically active population remained at the May level (66.2%), while analysts expected the indicator to increase to 66.3%. The indicators reflected the ongoing recovery of the labor market, and for a complete picture, one needs to wait for the inflation data. USD also failed to get support after yesterday's speech by the head of the US Fed Jerome Powell in the House of Representatives. Analyzing the significant increase in inflation, the official continued to adhere to his line and noted that, despite the unexpected persistence of inflation, the regulator does not plan to take action and expects a decrease in the indicator as the impact of the pandemic subsides. Investors were disappointed by the agency’s reaction, and the dollar sell-off began to intensify. Support and resistance On the global chart, the price continues to form a downtrend. Technical indicators still give a sell signal: the range of the EMAs fluctuations of the Alligator indicator is quite wide, and the AO histogram is trading deep in the sell zone. Support levels: 0.7420, 0.7200. Resistance levels: 0.7520, 0.7655. [img]https://media.clawshorns.com/uploads/files/d706e9a142d06523a948f2349e32eb98.png[/img] [/QUOTE]
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