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Apr 04 - 02:55 AM

AUD/USD - Rises Toward A Pivotal Level But US NFP Risk Looms

By Ewen Chew  —  Apr 04 - 01:45 AM
  • AUD/USD rises to 0.6592 from Wed close 0.6566

  • Further gains likely if it ends Thurs above 0.6607

  • Would then be above 38.2% Fibo, clearing a path higher

  • Would also engage Bollinger uptrend channel at 0.6598

  • Bullish indicators would point toward March high 0.6667

  • But risk of strong US NFP may deter longs nAQN2IUVEX

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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