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