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Oct 04 - 07:24 AM
AUD/USD - Scales New Three-Day Peak Before U.S. Jobs Report
First appeared on eFXplus on Oct 04 - 05:35 AM
  • AUD/USD has pushed its recovery envelope from 0.6670 to 0.6762 pre-NFP data

  • 0.6670 was Wednesday's 10-year low. 0.6762 = 3-day peak (0.6760 = Asia high)

  • AUD/USD might extend north towards 0.6810 on a big NFP miss at 1230GMT

  • 145k f/c nL2N26N1D0. Offers pre-0.6810 kept a lid on AUD/USD last week

  • NFP miss would further increase the probability of a Fed rate cut Oct 30

  • 0.6739 (Asia low) and 0.6719 (Wednesday's high) are AUD/USD support levels

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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