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Oct 19 - 07:55 PM

AUD/USD - Opens Lower Ahead Of Aus Employment Data

By John Noonan  —  Oct 19 - 06:05 PM
  • AUD/USD opens -0.62% as US yields surged to support USD and weigh on risk nL1N31K26RnL1N31K2KI

  • Aus jobs data today & market expects +25 K and unemployment to remain @ 3.5%

  • Weaker jobs number could weigh on AUD and especially the falling AUD/NZD

  • AUD/USD is back below the 10-day MA (0.6300) and it is now resistance

  • Buyers are tripped around 0.6200 where minor support has formed

  • Key support is at the 2022 trend low at 0.6170

  • Bias is for lower after capping below 0.6350 on attempts higher

  • Global growth concerns and less hawkish RBZ likely to weigh on AUD

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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