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EUR/USD is unable to surpass the 1 2170/80 zone
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EUR/USD Forecast: Keeps Trading Within Limited Intraday Ranges Near A Critical Resistance
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2/18/2021 12:01:35 PM GMT | By Eren Sengezer
AUD/USD is pushing higher after closing lower for two straight days.
Unemployment Rate in Australia declined to 6.4% in January.
US Dollar Index retreats below 90.70 ahead of mid-tier data.
The AUD/USD pair closed the previous two days in the negative territory and reversed its course on Thursday. As of writing, the pair was up 0.41% on a daily basis at 0.7781.
AUD capitalizes on strong labour market report
Earlier in the day, the data published by the Australian Bureau of Statistics showed that the Unemployment Rate declined to 6.4% in January from 6.6% in December and came in better than the market expectation of 6.5%. Further details of the publication revealed that the Fulltime Employment in that period increased by 59,000, better than 35,700 registered in December. These upbeat figures helped the AUD gather strength during the Asian session.