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Sep 05 - 08:55 AM

AUD/USD - Into Next US Jobs Report Balanced Risks Keep Ranges Tight

By Christopher Romano  —  Sep 05 - 07:25 AM
  • AUD/USD traded 0.67135-0.6733 overnight, NY opened near 0.6725, up +0.03%

  • Pair traded a tight range as investors await the next US employment reports

  • AUD/JPY & iron-ore DCIOC2 drops, US yieldUS2YT=RR lift corralled bulls

  • USD/CNH drop, equity ESv1 & gold XAU= gains kept bears in check

  • Daily doji formed, second doji in as many days, suggests indecision

  • Falling RSI, consolidation of drop for Aug. high are bearish however

  • Thinning and falling daily cloud may act magnetically & drag AUD/USD down

  • US August ADP, weekly claims & ISM non-mfg PMI are data risks in NY

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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