By Andrew M Spencer — Sep 05 - 11:50 PM
Slipped 0.15%, trading at the base of a 0.6730-0.6743 range - busy early
Base metals eased and stocks are mixed in Asia - caution into US jobs
Soft US jobs, will spark 50pt Fed cut expectations for September 18th
The RBA's hawkish stance should provide a positive environment for the AUD
Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil
Daily momentum studies crest - mixed signals as the uptrend hangs in
Wednesday's 0.6749 high then Tuesday's 0.6792 top are initial resistance
Close below the 0.6715 21-DMA and Wednesday's 0.6685 base would be bearish
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Source:
Refinitiv IFR Research/Market Commentary