The Australian Bureau of Statistics (ABS) is scheduled to release the most recent labour market findings, including a reading on the unemployment rate, which is expected to remain unchanged at 5.2 per cent.
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The Reserve Bank of Australia has stated on multiple occasions that the labour market, though resilient, is currently operating at full potential with spare capacity, which is not expected to be realised soon. Thus, the overall economic situation with regards to employment is expected to remain more or less the same.
Meanwhile, the AUDUSD pair has advanced in accordance with our earlier projections from early September and continued to form a new bullish uptrend. The current trend is expected to continue to develop further into next week’s session.
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