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Oct 07 - 03:55 PM

AUD/USD - Safe-Haven Sales Give Longs The Advantage Into US Jobs

By Christopher Romano  —  Oct 07 - 01:45 PM
  • Potential short-term US debt deal, energy price drop help rally risk

  • Safe-havens US$, yen are sold, AUD/JPY rallies towards 81.65

  • AUD/USD opens NY near 0.7295, pair dips below 0.7280 after US claims

  • Dip bought however as US$ selling and equity gains persist

  • AUD/USD pierces the 55-DMA, nears 0.7325, is just below the high late

  • Techs lean bullish; RSIs rising, pair above 10- & 21-DMAs

  • US September jobs data looms, if upbeat recent rally may get erased

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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