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Thomson Reuters
Mar 10 - 05:00 PM
AUD/USD - Opens Higher After US NFP Reprieve, Upside Limited
First appeared on eFXplus on Mar 10 - 03:30 PM
  • AUD/USD holds initial test of 0.7000-05 support as US jobs data disappoints
  • Rally potential limited on burgeoning and widespread global growth concerns
  • Slowing AU economy, China "trade recession" fears to overshadow US NFP miss
  • US jobs data not all bad, annual wage growth best since 2009 nL1N20V1BI
  • Clamor for RBA rate cuts negates Fed's patient policy stance nL1N20W01J
  • Support 0.7000-05, loss yields 0.6937; resistance 0.7054-70, previous lows

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