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Feb 15 - 10:55 PM

AUD/USD - Bid Despite Soft Jobs And Lower Yield Expectations

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

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