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#audusd
🇳🇿🇺🇸 The AUDUSD pair is trading at 0.6680.
📊 The Australian currency is supported by data on the Australian labor market. Thus, in September, employment in the country increased by 64.1 thousand against 42.6 thousand a month earlier, while unemployment fell from 4.2% to 4.1%. Thus, the sector continues to recover, which is a positive signal for the Reserve Bank of Australia (RBA), which will meet on November 5.
🏛 The RBA management is expected to keep the interest rate at 4.35%, which has been held since November 7, 2023 and is aimed at curbing the growth of inflation, which is 3.8%. Thus, the Australian regulator remains the last central bank of developed countries that is in no hurry to ease national monetary policy.
📈 Analysts recommend holding “long” positions on the AUDUSD pair with a target of 0.6750.
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