By Paul Spirgel — Aug 29 - 11:40 AM
AUD$ higher post-JOLTS downside miss +0.46% at 0.6459
JOLTS miss hints recent Fed hawkish tilt may be overblown
Pair finds res at 0.6482 the 21-DMA, 0.6522 the Aug 15 high, 0.6593 key Fib
Close abv 0.6593, the 50% Fib of 0.6821-0.6365 shifts momentum to AUD bulls
Support at 10-DMA 0.6426, Aug 25 low 0.6380, 2023 low on Aug 17 at 0.6365
Outlier data is China's Caixin Mfg PMI on Aug 31, as China goes growth-wise so goes AUD$
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary