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Jun 03 - 03:55 PM

AUD/USD - Shorts Reign As Jobs Data Unlikely To Alter Fed's Course

By Christopher Romano  —  Jun 03 - 02:00 PM
  • NY opened near 0.7245 after AUD/USD hit a 1-1/2-month high of 0.72825

  • Drop extended after May job report lifted US rates EDM3,US$ nL1N2XP2AO

  • Equity ESv1, copper HGv1 drops, USD/CNH gains add weight to AUD/USD

  • AUD/USD traded down to 0.7202 and sat just above that level late in the day

  • Daily techs warn longs; RSI diverged & a daily inverted hammer candle formed

  • Monthly techs remain bullish; RSI is rising, gains follow May bull hammer

  • RBA RBAWATCH hike expected next week, US CPI is a risk on June 10

  • For more click on FXBUZ

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Source:
Refinitiv IFR Research/Market Commentary

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