AUD/USD attempts to retrace the bearish reaction to Australia’s Employment report, but the monthly opening range keeps the downside targets on the radar as the exchange rate pullbacks ahead of the October-high (0.6930). AUD/USD traded to a fresh monthly low (0.6770) as Australia unexpectedly shed 19.0K jobs in October, and signs of slower growth may push the Reserve Bank of Australia (RBA) to further insulate the economy as the updated Statement on Monetary Policy highlights “a case for further easing.” At the same time, signs of subdued inflation may become a growing concern for the RBA as the Wage Price Index (WPI) ... (full story)