By Andrew M Spencer — Feb 15 - 09:25 PM
Trades off just 0.05%, as bargain hunters bought the post jobs 0.6868 dip
Jobs data missed forecasts, with the jobless rate climbing from 3.5% to 3.7%
RBAWATCH priced rates to peak in October at 4.240% pre jobs - 4.130% post
Rumours of AUD demand for mining dividends - A$8.2b needed in coming weeks
Charts; momentum studies, 5, 10 & 21 day moving averages head lower
21 day Bollinger bands expand - neutral setup has turned bearish
Close above well tested 0.6995 21 DMA - would end the downside bias
0.6865 NY low then 0.6856 February base are initial supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary