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Oct 17 - 02:36 AM
AUD/USD - Strengthens On Jobs Data, But Perhaps Short Lived
First appeared on eFXplus on Oct 16 - 11:25 PM
  • Up 0.3% in a 0.6751/0.6791 range, with a flurry of activity around jobs data

  • Unemployment dropped from 5.3% to 5.2%, full time strong +26.2 nL3N2710VJ

  • RBAs Debelle, housing downturn drag on economy for another year nS9N23B02F

  • Subdued outlook makes today's AUD bounce potential opportunity [nL2N27201Y

  • OIS priced a Nov RBA cut at 43.5% pre data - currently priced at 21.75%

  • Charts - momentum studies, 5, 10 & 21 DMAs conflict - little short term bias

  • Stalled below 0.6809, which is 61.8% Sep fall - now significant resistance

  • 0.6723 held in NY, 61.8% October bounce - break targets 0.6702 76.4%



aud2 oct 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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