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Oct 10 - 05:55 PM

AUD/USD - Steady Start As Key Factors Offset

By John Noonan  —  Oct 10 - 05:16 PM
  • AUD/USD trading 0.7305/10 - unchanged from Friday's close

  • AUD/UAD popped to 0.7338 after big headline miss in US jobs report

  • US yields moved higher regardless and pushed AUD/USD back down again

  • Resistance is at the 61.8 of the 0.7477/0.7170 move at 0.7360

  • Support is at the 21-day MA at 0.7278 and 10-day MA at 0.7269

  • IMM data released Friday shows specs are short AUD at extreme levels [nL1N2R42CG]

  • Short-covering rally possible while risk assets remain buoyant

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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