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TDUX
Sep 23 - 11:55 PM

AUD/USD - Softens As Australian Unemployment Nears 5-Year High

By James Connell  —  Sep 23 - 09:37 PM

• AUD/USD -0.2% Thur after AU unemployment hits highest level since Nov 2021

• AU Aug employment +39.5k jobs (poll +20k), 4.6% unemployment (poll 4.5%)

• Iranian President Pezeshkian says still far apart in peace talks with U.S.

• Brent crude back above $100 a barrel, DXY & UST yields significantly higher

• AUD now targets 0.6920 support zone with 18-month uptrend clearly at risk

• RBA monetary policy meeting outcome due Tue, 25 bps hike widely anticipated

• Range Asia 0.7025-45 support 0.6920 0.6865, resistance 0.7282 0.7661
AUD Hourly Bollinger Study & DXY Daily 55/100/200-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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