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Oct 16 - 07:55 PM

AUD/USD - Heavy Offshore, Charts Weigh Into Volatile Jobs

By Andrew M Spencer  —  Oct 16 - 07:10 PM
  • Steady early after closing down 0.55% with the U.S. dollar up just 0.25%

  • Commodities firmed - AUD & NZD selling began in Europe after weak NZ CPI

  • Today's Australian jobs lead event risk after the strong September reading

  • RTRS poll employment +25k, participation rate 67.1%, unemployment rate 4.2%

  • Charts; 5, 10 & 21-day moving averages fall with daily momentum studies

  • 21-day Bollinger bands expand - daily charts show a downside bias

  • 0.6627 200-day moving average and 0.6622 September low are major support

  • Wednesday's 0.6705 high and Tuesday's 0.6731 top are the first resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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