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Jan 18 - 09:55 PM

AUD/USD - Softer, As Jobs Miss Expectations - No Game Changer

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

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