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Mar 09 - 03:55 PM

AUD/USD - Backs Off Post-Claims High As Traders Prep For Payrolls Friday

By Paul Spirgel  —  Mar 09 - 01:35 PM
  • AUD$ off session high 0.6636, ending NY +0.27% at 0.6608

  • AUD/USD off trend lows after US claims rise softens hawkish Fed policy view

  • Diverging Fed-RBA rate outlook in 2023 weighs on AUD

  • Friday's NFP, Tues CPI more significant data as Fed decides on policy path

  • AUD$ support Thursday low 0.6577, lwr 30-d Bolli 0.6572, Wed low 0.6568

  • Res Thurs high 0.6635, 10-DMA 0.6696, 200-DMA 0.6780

  • Close above 0.6799, 50% Fib of 0.7030-0.6568 shift momentum to AUD bulls

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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