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May 05 - 07:55 AM

AUD/USD - Rises To Two-Week High Pre-U.S. Jobs Report

By Rob Howard  —  May 05 - 05:35 AM
  • AUD/USD hit 0.6744 at 0701 GMT, after extending north from 0.6655 (NY low)

  • 0.6744 is highest level since April 21 (0.6745 was high that day)

  • AUD benefits from RBA's hawkish quarterly Statement on Monetary Policy

  • U.S. April jobs report due at 1230 GMT. NFP f/c 180k; AHE f/c 4.2% YY

  • NFP miss might further inflate AUD/USD towards 0.6800 resistance level

  • 0.6717 (Tuesday high, after AUD jumped on RBA hike) is now a support point

Source:
Refinitiv IFR Research/Market Commentary

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