By John Noonan — Feb 17 - 05:04 PM
AUD/USD set to open Asia little changed after choppy Lon and NY sessions
AUD/USD fell as low as 0.7725 after strong US data lifted USD and US yields nL1N2KN2E5
US yields eased in the US afternoon and the USD gave back some gains nL1N2KN1CN
Support is at the 10-day MA, which came in at 0.7724 on Wednesday and held
More support is at the 38.2 of the 0.7564/0.7805 move at 0.7712
AUD/USD trending higher with 5, 10 and 21-day MAs in bullish alignment
A break below the 21-day MA at 0.7705 would suggest the trend is over
Aus jobs data today with market expecting +40K jobs and 6.5% unemployment
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Source:
Refinitiv IFR Research/Market Commentary