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Dec 06 - 10:55 PM

AUD/USD - Strong Positive Setup Supported By Data

By Andrew M Spencer  —  Dec 06 - 09:45 PM
  • +0.1% with light volumes, as JPY led the USD a touch lower - 0.7425-36 range

  • Australian Job ads climbed, as the state of Victoria reopened nL4N2IN076

  • ANZ Job Ads on track to match or even exceed pre-COVID levels by year-end

  • Charts; daily, weekly and monthly 5, 10 & 21 MAs all trend higher

  • Solid positive setup, driven risk 'on' undermining safe haven USD

  • Next significant resistance is 0.7516, 76.4% of the 2018-2020 fall

  • Close below 0.7389 10 DMA, a base last week would undermine topside bias

    For more click on FXBUZ


aud 2 dec 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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