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May 09 - 07:55 PM

AUD/USD - Opens Higher After US Jobs Miss Sparks Heavy USD Selling

By John Noonan  —  May 09 - 05:59 PM
  • AUD/USD +0.77% Friday after big US jobs miss sent risk higher and USD lower nL1N2MU28BnL1N2MU1WL

  • It closed above resistance at 0.7825 - as soaring commodities underpinned

  • Next resistance is at the 76.4 of the 0.8007/0.7532 move at 0.7895

  • A break above 0.7895 will put the 2021 trend high @ 0.8007 squarely in focus

  • Support on pull-backs is found at former resistance at 0.7825/25

  • Aus retail sales today with the market looking for +1.4% M/M

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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