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Oct 03 - 08:36 PM
AUD/USD - Shorts In Fear Of A Downside Miss To U.S. Jobs
First appeared on eFXplus on Oct 03 - 01:40 PM
  • Rally off Oct 2 low extends in Europe's morning, near 0.6720 early NY

  • Bulls gain more traction after claims & ISM non-mfg suggest slower economy

  • AUD/USD rallies on US data nL2N26O0H5, sharp reversal in stocks helps buoy

  • Techs lean bullish, monthly RSI diverging, daily RSI rising, 10-DMA pierced

  • September US jobs looms, below estimate result should sinks US& & rates more

  • Downbeat jobs data might rally AUD/USD above 0.6780 & 0.6810 resistances

  • Looming US-Sino trade talks are a risk, might temper any upside progress







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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