Lower-than-expected employment change in Australia triggered a drop in the value of the AUD/USD pair. From the previous -10,200, it rose to 9,100. It was a good number but fell short of expectations at 15,000.
There were other positive employment news in Australia, such as the unemployment rate which fell from 5.8% to 5.6% in September, while full time and part-time employment also rose from -2,400 to 5,000 and -8,200 to 4,100, respectively. Despite these, the AUD/USD pair still fell sharply. From the 0.9455 zone at the opening of the Asian session, it slid to under 0.9400. It recovered over the past few hours and is currently trading at 0.9406.
Initial resistance for the pair is at 0.9483, followed by 0.9506. Meanwhile, initial support is at 0.9429, followed by 0.9405.
The yen also suffered against the greenback today, as the USD/JPY pair shot up beyond the 97.70 zone. Reasons behind this are the strong performances of the greenback and the Nikkei. Opening the Asian session at 97.50, it has since risen near the 97.75 area, and is currently trading at 97.74.
In Japan, the consumer confidence index for September will be released any time now. It is expected to improve slightly from the previous 43.0 to 43.8.
Initial resistance for the USD/JPY pair is at 97.92, followed by 98.16. Meanwhile, initial support is at 97.08, followed by 96.84.
The strong greenback also continued to drag down the EUR/USD pair. From yesterday's peak at the 1.3600 zone, the pair fell steadily below the 1.3500 area.
Today's reports relevant to the EUR/USD include the ECB monthly report, a speech by ECB president Mario Draghi, and US jobless data.
The pair is currently trading at 1.3493, with initial resistance at 1.3565, followed by 1.3599. Meanwhile, initial support is at 1.3444, followed by 1.3411.
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