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TDUX
Aug 09 - 05:55 PM

AUD/USD - Firms In Wake Of Soft US Jobs Update; RBA Looms

By James Connell  —  Aug 09 - 05:34 PM

• AUD/USD +0.6% from Fri 0.70225 low after softer than expected U.S. jobs data

• U.S. Jul non-farm payrolls -23k (poll +80k), prunes FFR hike expectations

• RBA meeting outcome 0430 GMT Tue, no change expected, dialogue critical

• Middle East uncertainty continues; Houthis resume attacks on Red Sea port

• AUD close to crucial 0.7088 resistance, break would trigger next leg higher

• Range early Asia 0.7063-645 support 0.6920, resistance 0.70885 0.7200
AUD Hourly Bollinger Study & DXY Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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