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Jul 05 - 12:12 AM
AUD/USD - Consolidates As Market Braces For US Jobs Data
First appeared on eFXplus on Jul 04 - 10:25 PM
  • AUD/USD opened at 0.7025 and traded between 0.7020/30 in quiet Asian session
  • There wasn't any interest after US holiday and ahead of US non-farm payrolls
  • Upside limited due to sellers ahead of a 0.7050 option barrier
  • AUD/USD remains in demand on dips due to extremely dovish Fed expectations
  • If the US payroll data surprises in either direction it ill impact Fed view
  • AUD/USD support at 10-day MA at 0.6998 and break eases upward pressure
  • Resistance at 61.8 of 0.7206/0.6833 at 0.7066 and 200-day MA at 0.7096

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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