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Dec 16 - 09:55 PM

AUD/USD - Strong Jobs Have A Modest Impact - AUD Trends North

By Andrew M Spencer  —  Dec 16 - 07:40 PM
  • -0.1% into jobs - key data for the RBA - headline +90k forecast +50k

  • Unemployment rate 6.8% forecast 7%, full time 84.2k last 97k - little impact

  • Coronavirus led economic uncertainty has reduced the impact of monthly data

  • Charts; 5, 10 & 21 daily, weekly and monthly moving averages trend north

  • Strong and unusual bullish setup targets 0.7638, 38.2% 2011-2020 fall

  • Close below 0.7500, 10 DMA a base on this move, would undermine bias

  • Upper 21 day Bolli at 0.7607, as overbought signals unwind - trends north

For more click on FXBUZ


aud dec 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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