Forex: AUD/USD unch in response to mixed AU jobs data; biased lower

Mixed reaction from AUD/USD to Australian jobs data, as the unemployment rate unexpectedly remains unchanged at 5.4%, when a rise to 5.5% was expected, and +10400 new more jobs were added to the economy, even though -9800 full time jobs were lost. Thus Aussie remains at same quote previous to the news at 1.0319 last, topping at 1.0334, and printing a low at 1.0309.

Participation rate fell to 65% from 65.1% previous and expected, while NAB quarterly business confidence fell to -5, falling for fifth consecutive month, at lowest level since late 2009. With all, Aussie just printed fresh session lows at 1.0305, while local share markets also show a mixed view, with Australian ASX down by -0.12%. SP500 closed in NY practically flat at +0.05%.

Immediate support to the downside for AUD/USD lies at recent NY session and fresh 3-month lows 1.0296, followed by Nov 16 lows/Oct 05 highs at 1.0283/78, and Oct 23 lows at 1.0231. To the upside, closest resistance comes at NY session highs 1.0331, followed by Friday's lows at 1.0360, and Jan 28 lows at 1.0384.