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Feb 06 - 10:55 PM

AUD/USD - On Track To Post Weekly Gain After Tough Start

By James Connell  —  Feb 06 - 08:42 PM

• AUD/USD has been impressively buoyant following a sharp decline Mon

• Currently holding a 1.1% gain for the week despite trade was fears

• Monday's 0.60886 trough was the lowest since March 2020

• U.S. payrolls data later Fri will drive the final outcome this week

• Initial support 0.6255, resistance 0.6300 and 0.6330

• AUD in muted 0.62795-0.62885 Asia range so far
AUD midday


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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