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Sep 03 - 01:55 PM

AUD/USD - Slips Near Minor Fib Support By 0.7263 Ahead Of NFP Release

By Paul Spirgel  —  Sep 03 - 01:25 PM
  • AUD/USD ending NorAm -0.97% at 0.7268, NY range 0.7311-0.7265

  • AUD rally on accommodative Fed tones losing vigor, focus shifts back to RBA

  • AUD longs lightening ahead of US NFP, Labor Day holiday- light liquidity

  • Pair finds supt 0.7265; ahead of 0.7263, 23.6% Fib of 0.6777-0.7413 rise

  • Bulls in control above 30-DMA at 0.7205, has trailed AUD since early April

  • RSI, Stoch's move lwr amid recent broad USD rally, DMA's, Bolli's eye gains

  • For more click on FXBUZ

AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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