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Jan 17 - 09:55 PM

AUD/USD - Off 0.15% As Headline Employment Data Disappoints

By Andrew M Spencer  —  Jan 17 - 07:40 PM
  • Employment -65.1k poll +17.6k unemployment 3.9% poll 3.9% full time -106.6k

  • Much weaker than expected jobs data - AUD/USD knee-jerk 0.2% fall

  • Employment data is volatile so the devil will be in the details

  • Charts; daily momentum studies slip, 5, 10 & 21 day moving averages slide

  • 21-day Bollinger bands expand - signals now show a strong negative setup

  • 0.6550 lower 21-day Bolli band suggests the market is a short-term oversold

  • Next significant support comes in at 0.6500, 61.8% of the Oct-Dec rise

  • New York 0.6525 - 0.6565 range is initial support and resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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