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TDUX
Oct 02 - 08:55 AM
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AUD/USD - Consolidating Ahead Of Key US Jobs Data

By Christopher Romano  —  Oct 02 - 07:03 AM

• AUD/USD fell to 0.6914 overnight, buyers emerged, pair turned positive

• 0.6946 traded in Europe's morning, NY opened near 0.6935, up +0.08%

• US yield , USD/CNH drops helped lift AUD/USD

• Gold, silver, copper & stock gains also contributed to the pair's gains

• AUD/USD remained within Thursday's trading range, indicates consolidation

• Consolidation is bearish as is falling monthly RSI, hold below 10- & 200-DMAs

• US Sept. payroll report due, robust jobs data could drive AUD/USD down
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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