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Mar 05 - 05:55 PM

AUD/USD - Bulls Like The Sign That Emerged Today

By Christopher Romano  —  Mar 05 - 03:56 PM
  • Upbeat US Feb jobs data drives spike up in US$ & US rate complex

  • AUD/USD falls below the daily cloud top, 76.4% Fib of 0.7564-0.8007

  • Risk-assets rebound after early sell-off; stocks, copper rally

  • US 10-yr yield gains fade, eurodollar prices bounce, US$ drops

  • AUD/USD rallies above the 76.4% Fib & daily cloud top, nears 0.7700

  • Large daily bull hammer forms which is a strong shorter-term signal

  • Investors that got long today likely target the 0.7835/40 area

  • Break above that zone could lead to test of February's monthly high

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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