By Paul Spirgel — May 05 - 01:25 PM
AUD/USD ending NY by session highs +0.9% at 0.6753, Fri range 0.6754-0.6689
Upbeat U.S. payroll data, in spite of prior hikes may keeps glbl rates up
Commodities, oil (+4%), copper (+0.56%), adds to commod-centric AUD bid
AUD/USD-Shrugs off US payroll beat amid hawkish RBA nL1N3721E2
Pair hits 2-wk high 0.6754, res at 0.6772 Apr 20 high, 0.6789 100-DMA
Rise above Apr 14 high 0.6808 puts daily cloud top 0.6861 in view
Support at 200-DMA by 0.6730, daily cloud base 0.6693, 10-DMA 0.6659
Bulls gaining momentum after surprise RBA hike, talk RBA may do more
Techs lean bullish; daily bull hammer formed, daily & monthly RSI rising
Rise abv 0.6861, 50% Fib of 0.6565-0.7158, Feb-Mar dip adds to bullish structure
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Source:
Refinitiv IFR Research/Market Commentary