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Sep 06 - 02:55 AM

AUD/USD - Wary Sentiment Caps AUD Ahead Of US Event Risk

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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