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Aug 31 - 07:55 PM

AUD/USD - Opens Slightly Higher Ahead Of US Non-Farm Payrolls

By John Noonan  —  Aug 31 - 06:10 PM
  • AUD/USD opens +0.15% after getting support from lower USD/CNH

  • USD was mixed on Thursday due to month-end flows and pre US NFP positioning

  • USD rose against EUR while falling against the JPY and commodity currencies

  • AUD/USD closed above the 21-day MA (0.6471) - which gives it a bullish bias

  • Resistance is at the 38.2 of the 0.6895/0.6365 move at 0.6567

  • Support is at the 21-day MA and 10-day MA at 0.6449

  • China Caixin Mfg PMI for August out today and may spur a reaction

  • Consolidation more likely ahead of the US non-farm payrolls

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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