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Nov 05 - 03:55 AM

AUD/USD - Close To Technical Breaking Point Ahead Of US NFP

By Ewen Chew  —  Nov 05 - 02:43 AM
  • AUD/USD at breaking point, testing 100 DMA support again

  • US nonfarm payrolls ahead may crack key technical floor

  • Strong data above 450k could dilute Fed's dovish assurances

  • AUD/USD Fri close below 100 DMA 0.7380 may trigger cave-in

  • Below 100 DMA, Bollinger downtrend channel also engaged

  • Base of downtrend channel 0.7332 is next support level

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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