Forex: AUD/USD in weekly lows, around 1.0500

FXstreet.com (Barcelona) - The Aussie dollar has accelerated its intraday decline after the unemployment rate in Australia ticked higher to 5.4% during December, matching forecasts although above November's 5.3%. Continuing with the data, the Employment Change dropped by 5.5K vs. a raise of 17.1K in the previous print.

At the moment, the cross is down 0.63% at 1.0503 with the next support lying at 1.0494 (low Jan.10) ahead of 1.0470 (low Jan.18) and then 1.0467 (low Jan.7).
On the upside, a break above 1.0580 (hourly high Jan.16) would open the door to 1.0599 (high Jan.10) and then 1.0618 (Upper Bollinger).