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Jun 04 - 06:55 AM

AUD/USD - Key Support Or Cloud Twist - NFP To Decide

By Richard Pace  —  Jun 04 - 05:28 AM
  • AUD/USD fell hard amid broad post data USD gains Thursday

  • Broke 28-4 May range lows 0.7678-75 for 0.7646. Trades 0.7652-71 Fri

  • Focus now on NFP data to decide next direction nL2N2NM0KO

  • Needs big beat to take AUD/USD through 14/13 Apr 0.7635/0.7585

  • That would open solid support 1 Apr and 2020 low 0.7533 - also 200-dma

  • NFP miss to regain 77's and put daily cloud twist back in the cross hairs

  • Daily cloud twists often attract - June 11 there's one in mid 77's

  • Regaining 0.77's Friday could see huge expiries attract nL2N2NM0B1



For more click on FXBUZ


AUD=D3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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