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Feb 06 - 05:55 PM

AUD/USD - Survives Downside Test As US Payrolls Loom

By James Connell  —  Feb 06 - 04:48 PM

• AUD/USD traded a low of 0.6255 early in London

• Sellers tested the resolve of AUD bulls, but the 0.6255-60 support held

• BOE rate cut (-0.25bps) did not impact AUD despite initial GBP sell-off

• Broader USD softness in the New York session helped lift AUD off the lows

• AUD approaching the hourly upper Bollinger Band early Asia

• Price action is flattening ahead of U.S. jobs report due Friday

• Overnight AUD range 0.6255-0.6288
AUD mng


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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