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Thomson Reuters
Mar 08 - 12:12 AM
AUD/USD - Small Recovery As Shorts Pare Ahead Of US Jobs
First appeared on eFXplus on Mar 07 - 09:50 PM
  • AUD/USD traded to 0.7028 despite a gloomy day for risk assets in Asia
  • AXJ equity index down over 0.80% after weak lead from Wall Street
  • AUD/USD held support at 0.7005 late in NY with talk of option buying
  • The low in Asia was 0.7010 in early trading
  • Support @ 50% of 0.6715/0.7295 @ 0.7005 & break targets 61.8 at 0.6936
  • Bounces towards 0.7050/70 likely to be viewed as selling opportunities
  • US jobs data the main event today and market may stay calm until then

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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