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Oct 04 - 11:55 AM

AUD/USD - US Jobs Data Drives A Threat To The Recent Up Trend

By Christopher Romano  —  Oct 04 - 10:50 AM
  • AUD/USD fell to a 10-sesison low after US Sept payroll reports

  • US yields US2YT=RR,US$ rallied as Fed's cut pace may be slower

  • AUD/USD pierced the 23.6% Fib of 0.63485-0.69435, 21-DMA

  • Up trend line off August's low was also pierced before bounce ensued

  • Falling daily, monthly RSIs imply downward momentum is in place

  • Close below the up trend line may lead to a deeper AUD/USD drop

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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