Australia's statistics office printed a 121K increase in jobs for August, which is astronomical. However, after we dug into the data a bit, we realize we should reserve our excitement about the headlines data and attribute the change to a change in survey group. AUD/USD Rebounds after a Crazy AUS Jobs Data As noted in the previous post on AUD/USD, the market bid up the Aussie after the data, but we know it was not enough to reverse this week's sharp sell-off of the AUD. In fact, the market had sellers around 0.92, which was a broken multi-month support now acting as resistance. As we progress into the 9/11 US session, the AUD/USD looks poised to continue lower at least toward 0.91, or the 0.9083 area where the 50% retracement level resides.AUD/USD 4H Chart 9/11 (click to enlarge)Seeing that there was not much of a bullish correction on the back of the jobs data, we might expect the AUD/USD to remain sharply bearish, and the expect even further downside for example to the 61.8% retracement level around 0.8983. AUD/USD Daily Chart 9/11 (click to enlarge)