Created
: 2025.11.13












2025.11.13 18:20
Australian Dollar (AUD) continued to inch higher, riding on the move higher in with metals complex and better than expected labor market report. Pair was last at 0.6577 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
"Fulltime employment change rose 55.3k while unemployment rate edged lower to 4.3% (vs. 4.5% prior). One may argue that AU's monthly labor market report can be volatile but broadly speaking, labor market tightness is normalizing and expected to remain stable."
"Though RBA had previously raised the unemployment forecast a touch higher to 4.5%, the policymakers also do not expect labor market conditions to ease much further. This supports our view for RBA to be go on a longer pause before the final cut in 2Q 2026."
"We retain bias for AUD to trend higher. Daily momentum shows tentative signs of turning mild bullish while RSI rose. Immediate resistance here at 0.6620/30 levels. Support at 0.6520 (21 DMA), 0.6455 (200 DMA)."
![]()
Created
: 2025.11.13
![]()
Last updated
: 2025.11.13
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy