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Feb 02 - 07:55 PM

AUD/USD - Rally Pauses On Caution Ahead Of US Jobs Report

By Krishna K  —  Feb 02 - 06:05 PM
  • AUD/USD in a subdued start after declining 0.8% Thursday on profit-taking

  • Undermined by softer commodities; copper, gold, iron ore prices decline

  • Weighed down by position squaring ahead of Friday U.S. jobs report for Jan

  • Unemployment rate expected to tick up to 3.6% and 185,000 rise in jobs

  • Focus turns to RBA rate decision Tuesday; Fed-RBA rate expectations diverge

  • After a joint rate surge, central banks start to see the end in sight

  • Support 0.7050-55, 0.7025-30, resistance 0.7110-15, 0.7140-45, 0.7160-65

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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