The NFP and unemployment rate data released on the 6th of Jan was favourable to USD. However, the effect has not taken place which is due to many fundamental factors. As depicted above, AUDUSD is expected to have a strong bearish move for the purpose of affirming the data released on Friday 6th of Jan 2023, as an authentic data and also to affirm the bearish bias to counter the negativity in Sydney data (Strong fundamental bias).
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