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Jun 02 - 03:55 PM

AUD/USD - Investors Disregard US Jobs Report Risk

By Christopher Romano  —  Jun 02 - 01:35 PM
  • AUD/USD rallied away from the 10-DMA in Europe, NY opened near 0.7200

  • US rates soften a bit after data nL1N2XP0TE, US$ gets sold broadly

  • Stocks ESv1, commodities gain with risk-on; AUD/JPY rallied toward 94.25

  • Overnight USD/CNH slide resumes, 6.6560 neared, helps AUD/USD rally sharply

  • AUD/USD pierced the 55- & 200-DMAs and the 50% Fib of the 0.7661-0.6829 drop

  • Pair hit 0.7260 late & almost no pull back seen as the session nears an end

  • Techs are bullish; RSIs rising, gains in early June follow May's bull hammer

  • US May jobs data & its possible impact of Fed policy risks loom

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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