Breaking: Aussie jumps on strong labour market report

Australia´s employment data has been released by the Australian Bureau of Statistics as follows:

• Employment Change March: 53K (prev 20K, prevR 63.6K).
• Unemployment Rate: 3.5% vs. the expected 3.6%, prior 3.5%.

More to come...

AUD/USD update

AUD/USD has rallied hard on the data to break above 0.6700

As per the prior analysis from earlier in the day, AUD/USD Price Analysis: Bears eye a break of key support structures, AUD/USD is testing major resistance. 

More to follow ...

About the Employment Change

The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).