By Andrew M Spencer — Jan 18 - 07:40 PM
Jobs data missed expectations, but no game changer, AUD a touch softer -0.3%
Headline jobs -14.6k f'cast +22.5k - unemployment 3.5%, f'cast 3.4%
Participation rate 66.6% f'cast 66.8% - full time jobs +17.6k last +34.2k
Charts; mixed momentum studies, 21 day Bollinger bands head higher
10 & 21 day moving averages climb - positive trending setup
Targets a test of 0.7091 longer term - 61.8% of the 2022 fall
Close below under pressure 0.6935 10 DMA to undermine topside bias
This week's 0.6930 low and NY 0.7063 high initial support, resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary