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Sep 01 - 08:55 AM

AUD/USD - A Key Fibo Is Threatened Ahead Of US Jobs Data

By Christopher Romano  —  Sep 01 - 07:35 AM
  • AUD generally bid after Q2 Australia GDP beats estimates nL1N2Q304F

  • AUD/USD rallies despite drops in copper HGv1 and iron-ore DCIOc2

  • Pair buoyed by equity ESv1, AUD/JPY gains & rise in AU yields AU3YT=RR

  • AUD/USD hits 0.7349, rally halts short of 76.4% Fib of 0.7426-0.7107

  • Very little pullback though and technicals imply further gains are likely

  • Daily RSI is rising, August monthly doji candle being followed by a rally

  • US August ADP is due, big increase from prior is expected USADP=ECI

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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