Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 06 - 03:55 PM

AUD/USD - Bulls Dash Above Daily Cloud Moderated Ahead Of NFP Friday

By Paul Spirgel  —  May 06 - 01:47 PM
  • AUD/USD firm into NorAm close +0.36% at 0.7774, Thursday range 0.7776-01

  • AUD shrugs off trade spat with China, takes cue from upbeat German econ data

  • Pair peeks abv daily cloud top (0.7770), above eyes upper 30-d Bolli 0.7827

  • US NFP data Friday, key data set likely tempers follow-through in Asia

  • Below f/c NFP puts AUD on track for Feb 26 high 0.7883, 2021 high 0.8007

  • Fed pre-disposed to hold rates until transitory inflation solidifies

  • Cluster of DMA's support 0.7727-0.7696, then multiple April lows by 0.7590

For more click on FXBUZ


AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!