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Jan 04 - 10:55 PM

AUD/USD - Consolidates Above 0.6700 Ahead Of Key US Jobs Data

By John Noonan  —  Jan 04 - 09:55 PM
  • AUD/USD opened -0.36% at 0.6707 after underperforming due to China concerns

  • In a very quiet Asian session it traded in a 0.6703/18 range

  • Heading into the afternoon it is trading at 0.6710/15

  • Support is at the 38.2 of the Oct/Dec rise at 0.6641

  • Resistance is at the 21-day MA at 0.6734 and 10-day MA at 0.6785

  • AUD/USD daily slow stochastic readings are oversold and may need to correct

  • Market is looking ahead to the US non-farm payroll data later today

  • Impact on bond yields and risk assets will determine next AUD/USD move

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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