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Apr 30 - 04:55 PM

AUD/USD - Wage Data Sours Risk Ahead Of Fed, US Jobs Reports

By Christopher Romano  —  Apr 30 - 01:35 PM
  • NY opened near 0.6530 after 0.65675 traded overnight, slide extended

  • Upside surprise to US Q1 ECI drove yields US2YT=RR, US$ higher

  • Risk soured; stocks ESv1, commodities XAU=HGv1 fell, USD/CNH rallied

  • AUD/USD fell below the 21-, 55- & 200-DMAs, neared the 10-DMA, hit 0.6482

  • Most losses were maintained, AUD/USD traded down -1.23% late in the day

  • Techs lean bearish; RSIs falling, pair below slew of daily MAs & daily cloud

  • Fed meeting, Powell presser are key event risks for Wednesday

  • US April ADP, S&P Global & ISM manufacturing PMIs are data risks Wednesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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