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Dec 02 - 01:55 AM

AUD/USD - Picks Up Where It Left Off, Heading Higher Again

By Ewen Chew  —  Dec 02 - 01:30 AM
  • AUD/USD resumes rise after sputtering open Fri, last 0.6823

  • Bollinger uptrend channel in effect; base now at 0.6784

  • Hesitation before US NFP initially depressed AUD/USD to 0.6795

  • But nascent hope for soft US jobs number starts to appear

  • If below 200k forecast, USD to slide as inflation cools nL1N32R15S

  • But a strong beat could send AUD/USD down and out of uptrend channel

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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