Aussie is stuck at around 0.7200 and it’s losing its bullish potential AUD AUDUSD $AUD $AUDUSD
ollowing the release of Australian employment figures and renewed geopolitical concerns. the January employment report showed that the country added 12.9K new jobs in the month, better than anticipated, but it lost 17K full-time positions and added 30K part-time ones. The participation rate increased to 66.2%, while the unemployment rate held steady at 4.2%.
, in the meantime, soared, with the bright metal reaching $1,900 a troy ounce, its highest since June 2021.trades marginally higher on a daily basis, but the daily chart shows that the pair is stuck between its 20 and 100 SMAs, both lacking directional strength. The Momentum indicator keeps heading north within positive levels, but the RSI indicator consolidates at around 55.
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