The Australian dollar got a boost from the September employment figures, which beat expectations with a monthly gain of 19,800 in seasonally adjusted terms. It was forecast at 15,000. After trading in a narrow range below 0.7850 US cents ahead of the key data release, the currency quickly rose above 0.7870 before falling back slightly. A short time ago it was trading at 0.7865. Here’s the 5-minute price action: According to Greg McKenna at AxiTrader, the AUD could be set for a move above US79 cents if it continues to hold above 0.7850 in the wake of the release. This mornings figure was the seventh straight month of ... (full story)