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Oct 16 - 10:55 PM

AUD/USD - CORRECTED-BUZZ-AUD/USD Higher After Strong Jobs - RBA To Keep Rates Steady

By Andrew M Spencer  —  Oct 16 - 08:45 PM

Corrects employment number in 2nd line, adds subscriber codes

  • Traded up 0.04% at 0.6668 into the jobs climbed 0.25% to 0.6692

  • Employment +64.1k - poll +25k, participation rate 67.2% poll 67.1%,

  • Unemployment rate 4.1% poll 4.2% full-time employment +51.6k

  • Another set of strong data following September - RBA to stay on hold

  • Charts; 5, 10 & 21-day moving averages fall with daily momentum studies

  • 21-day Bollinger bands expand - daily charts show a downside bias

  • 0.6627 200-day moving average and 0.6622 September low are major support

  • Wednesday's 0.6705 high and Tuesday's 0.6731 top are the first resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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