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Oct 16 - 11:00 PM
AUD/USD - Strong Full Time Jobs Component Sparks A Bounce
First appeared on eFXplus on Oct 16 - 08:40 PM
  • Employment +14.7 poll 15k, Unemployment 5.2% poll 5.3%, full time +26.2k

  • Flat into data, knee jerk +0.3% on strong full time figure

  • RBA flagged employment as the pivotal driver of monetary policy

  • Charts - momentum studies, 5, 10 & 21 DMAs conflict - little short term bias

  • Stalled below 0.6809, 61.8% Sep fall - now significant resistance

  • 0.6723 held in NY, 61.8% October bounce - break targets 0.6702 76.4%

  • OIS priced a Nov RBA cut at 43.5% pre data - now 21.75%























aud oct 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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