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Oct 06 - 09:48 PM
AUD/USD - Buffeted By Chart Barrier After US Jobs Data
First appeared on eFXplus on Oct 06 - 07:45 PM
  • AUD/USD rally impeded by Ichimoku Cloud at 0.6770 for now

  • Tinge of positivity from US jobs data Fri props up stocks; ASX +0.6%

  • Upward revision in Aug US jobs data spurred Wall St higher

  • But Asia FX feeling the heat from possibly less need for US rate cuts

  • AUD/USD will re-enter negative channel on Mon closing below 0.6737

  • Bollinger downtrend channel will lead back to decade-low 0.6670











Source:
Refinitiv IFR Research/Market Commentary

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