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Aug 29 - 01:55 PM

AUD/USD - Extends Above Recent Highs, Eyes 21-DMA After JOLTS Downside Miss

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

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