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Thomson Reuters
Jan 04 - 12:12 AM
AUD/USD - Better Bid, But Eyes Powell And Payrolls
First appeared on eFXplus on Jan 03 - 10:00 PM
  • AUD/USD edges up on some bargain hunting in AUD/JPY
  • AUD/USD range 0.6994/0.7025, last at 0.7021 despite lower stocks
  • Momentum studies mixed, s/t MAs still heading lower but could be basing
  • Close above 10 DMA at 0.7033 would be positive, but US jobs a major risk
  • Initial support at Weds low of 0.6982, but crash Thurs took out all support
  • Fed's Powell in joint discussion with Yellen and Bernanke also a key risk

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