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TDUX
Oct 01 - 11:55 PM
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AUD/USD - Softens As Global Bond Sell Off Props Up USD

By James Connell  —  Oct 01 - 11:11 PM

• AUD/USD -0.05% Fri, activity subdued ahead of important U.S. jobs data

• Global bond rout has broad USD index trading near 102.20 17-month high

• AUD ultimately targeting major 0.6834 support one, break would hasten fall

• U.S. Sep non-farm payrolls due Fri, Reuters poll consensus +90k

• China suspends refined fuel exports, sources say ban extends through end Oct

• WTI elevated at $92.60 a barrel, energy supply concerns escalate yet again

• Range Asia 0.69135-30 support 0.6865 0.6834 0.6662, resistance 0.7282 0.7660
AUD Daily 21/100/200-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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