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May 20 - 01:55 AM

AUD/USD - Touch Firmer In A Busy Session After Mixed Jobs Data

By Andrew M Spencer  —  May 19 - 11:57 PM

  • Headline jobs missed, but the breakdown was more positive nL2N2N7040

  • There was little in the data to change the RBA's dovish outlook

  • AUD ended higher, +0.1% towards the top of a busy 0.7715-0.7744 range

  • Low key markets in Asia, E-mini S&P -0.1%, Nikkei +0.15%, AsiaxJP -0.1%

  • Charts, momentum studies, 5, 10 & 21 daily moving averages coil

  • Neutral setup - 0.7670-0.7890 broad range looks set to extend

  • Asian 0.7715 base and 0.7763 NY high is initial support, resistance

For more click on FXBUZ


aud 3 may 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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