Technical Analysis

Australian dollar extending its losses, USD more broadly higher



<p>The Australian dollar dropped after the employment report:</p><p><a href="https://www.forexlive.com/news/australian-december-unemployment-rate-35-vs-expected-at-34-and-prior-also-34-20230119/" target="_blank" rel="follow" data-article-link="true">Australian December unemployment rate 3.5% vs. expected at 3.4% and prior also 3.4%</a></p><p><a href="https://www.forexlive.com/news/australian-dollar-lower-following-the-jobs-report-20230119/" target="_blank" rel="follow" data-article-link="true">Australian dollar lower following the jobs report</a></p><p>AUD/USD has extended lower still, to just under 0.6900. </p><ul><li>NZD/USD has lost some ground with it.</li><li>EUR is a touch softer. USD/JPY has gained back top above a128.60</li><li>in keeping with the jitters over growth that have shifted markets since US time, oil is trading a touch lower also</li></ul><p>Apart from what has been posted there is nothing fresh. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.

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