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

AUD/USD - Consolidation Before Higher Next Week

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!