• The AUD/USD declines sharply amid a not-so-bad US Nonfarm Payrolls report.
• Downbear market sentiment hurts the prospect of risk-sensitive currencies in the FX market, the AUD weakens.
• In the weekly chart, the AUD/USD broke under the 100 and the 200-week SMA’s, AUD bears eye 0.6776.

During the New York session, after a not-so-bad US Nonfarm payrolls report, the AUD/USD is plummeting to fresh year-to-date lows, trading at 0.7005, down 1.23% at the time of writing. As portrayed by US equity indices falling, market sentiment is downbeat after the US Bureau of Labor Statistics (BLS) unveiled that the Nonfarm Payrolls for November grew less than expected. However, the Unemployment Rate fell three tenths from 4.5% to 4.2%.

In tone with the risk-off mood, in the FX market, risk-sensitive currencies like the AUD, the NZD, and the GBP, are the main losers of the day, contrary to the greenback, which takes advantage of its safe-haven status.