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Oct 08 - 03:55 PM

AUD/USD - Indecision Emerges Due To Post-Jobs Rate Moves

By Christopher Romano  —  Oct 08 - 02:07 PM
  • AUD/USD lifts in Europe am, NY opens near 0.7300, sits nearby into jobs data

  • US$, interest rates US10YT=RREDU2 fall on downside NFP miss nW1N2R4005

  • AUD/USD rallies above the 50% Fib of 0.7477-0.7171, hits a 0.7338 high

  • Rates reverse & turn +ve, US$ buying emerges, AUD/USD gains begin eroding

  • Investors still expect Fed to take the path of tapering nL1N2R41N3

  • Pair falls back below 0.7300 before nearing 0.7310 late in the session

  • Daily doji candle forms, implies indecision; daily RSI diverges on the high

  • Monthly techs lean bullish & likely to trump bear sign from daily RSI

  • For more click on FXBUZ



audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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