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Dec 16 - 11:55 PM

AUD/USD - Jobs Beat Forecasts, Fresh Trend High, 0.7638 Beckons

By Andrew M Spencer  —  Dec 16 - 10:15 PM
  • Flat - 0.7567-0.7591 range, moderate volumes - strong jobs had little impact

  • Aus jobs beat forecasts, on successful coronavirus control nL1N2IX01B

  • Economic uncertainty on COVID-19 has reduced the impact of data on AUD

  • Charts; 5, 10 & 21 daily, weekly and monthly moving averages trend north

  • Strong and unusual bullish setup targets 0.7638, 38.2% 2011-2020 fall

  • Close below 0.7501, 10 DMA a base on this move, would undermine bias

  • Upper 21 day Bolli at 0.7610, as overbought signals unwind - trends north

For more click on FXBUZ


aud 2 dec 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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