By Peter Stoneham — Apr 01 - 05:55 AM
A bullish continuation pattern points to AUD gains, possibly next week
Corrective risk after a 5.2% gain since Mar 15 and 8.2% rise since Jan 28
AUD/USD breakout levels at 0.7456 and 0.7540 five-month high
Focus on today's U.S. labour report and ramifications for the Fed
AUD has its own jobs data to deed off: unemployment drops to 4%
Fed tightening cycle heavily factored but RBA path may have room to impact
RBA meets next week: market looking for any clues on a June tightening
Futures fully priced for Jun 0.25% hike and six more to 1.75% by year-end
For more click on FXBUZ
AUD/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary