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TDUX
Nov 05 - 10:55 PM
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AUD/USD - Near Cliff's Edge As US Non-Farm Payrolls Loom

By James Connell  —  Nov 05 - 09:47 PM

• AUD/USD -0.1% Fri as investors reduce risk ahead of perilous end of week

• U.S. Oct non-farm payrolls due Fri, Reuters poll consensus +65k (prior +29k)

• Threat of deeper AI trade rout has risk sentiment in broad based retreat

• AUD ultimately targets 0.6865 support, break below would accelerate fall

• National Australia Bank's Irvine warns on growing risk of AU recession

• Hauser says public confidence in RBA's ability to counter inflation at risk

• Range Asia 0.6921-42 support 0.6865 0.6835, resistance 0.7140 0.7282
AUD Daily 21/55/100/200-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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