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Mar 07 - 05:55 AM

AUD/USD - 0.63 Expiry Helps Define Intra-Day Low, Pre-NFP

By Robert Howard  —  Mar 07 - 03:50 AM

• AUD/USD elicits support around 0.6300 after drop from 0.6337 (Asia high)

• There is a huge 0.6300 option expiry for the NY cut; A$2.5 billion strike

• U.S. jobs report due 1330 GMT: Feb NFP forecast at 160k; jobless rate f/c 4%

• NFP miss might inflate AUD/USD to 0.6364 (Thursday's high), if not 0.64

• 0.6409 was 10-week peak a fortnight ago (Feb 21). 0.6415 = Fibo resistance

• Australia household spending rose for fourth consecutive month in January

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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