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Jul 15 - 08:55 AM

AUD/USD - Jobs Data Trumped By Virus Concerns

By Christopher Romano  —  Jul 15 - 07:35 AM
  • Upbeat AU June jobs data nL1N2OR04N stokes talk of RBA policy shift

  • Coronavirus lockdowns remain a threat to AU GDP though nL1N2OQ07X

  • Stocks ESv1, iron-ore DCIOc2 sink, AU rate futures prices YTCc1 rise

  • AUD/USD lifts above 10-DMA overnight but falls back below in Europe's am

  • NY opens near 0.7465 and slide extends towards 0.7445 as US$ buyers emerge

  • AUD/USD in consolidation phase, RSIs fall & pair below slew of daily MAs

  • Technicals suggests lower levels are due, 0.7400/10 remains support

  • Break of that zone targets December's 0.7342 monthly low

  • For more click on FXBUZ

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Source:
Refinitiv IFR Research/Market Commentary

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