AUD Slips Below Key Moving Average Despite Stronger-Than-Expected Jobs Gain
The Australian dollar dropped below a key moving average after mixed labour market data released on September 23, 2026. The data showed that Australia added more jobs than anticipated in August, but the unemployment rate continued to rise. The source reports no specific job figures, unemployment rate, price move or pip figure, and does not identify which moving average was breached. The currency's move lower suggests markets focused more on the rising unemployment rate than on the stronger headline employment gain. The source does not detail central bank implications. For traders, the break below a key moving average is a technical negative for the AUD. The mixed jobs picture of stronger hiring alongside rising unemployment leaves the labour market outlook unclear.
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