Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 01 - 07:55 AM

AUD/USD - Bulls May Need Weak NFP To Break Key Impediments

By Richard Pace  —  Sep 01 - 06:00 AM
  • AUD/USD unable to break above 0.6500 after PBOC cut RRR to stabilise Yuan

  • Setback to 200-hour moving average support 0.6446 early London, last 0.6475

  • Close above broken 23.6% Fibo .6895-.6365 drop .6490 can target 38.2% .6567

  • But, sellers touted above 0.6500, resistance Thur/Wed peaks 0.6508-22

  • Bigger support Tues lows 0.6401. Market awaiting U.S. jobs/NFP data Friday

  • Weaker data likely needed to give AUD/USD bulls some fresh impetus

  • FX option premiums peak but still wary of spot volatility and setbacks

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!