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Mar 08 - 07:55 AM

AUD/USD - Climbs To Six-And-A-Half Week High Before NFP Data

By Rob Howard  —  Mar 08 - 05:35 AM
  • AUD/USD rises to 0.6648 as USD/JPY sinks on BoJ-related news nL2N3FM0QX

  • 0.6648 is highest level since Jan 16 (0.6660 was high that day)

  • US employment report due at 1330 GMT; Feb NFP f/c at 200k, vs 350k in Jan

  • AUD/USD could extend north on NFP miss, with 0.68 among bull targets

  • 0.6625 and 0.6600 (former resistance levels) are now support points

Source:
Refinitiv IFR Research/Market Commentary

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