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Jan 12 - 05:55 PM

AUD/USD - 0.6100 Attracts As US Jobs Data Sizzles

By Krishna Kumar  —  Jan 12 - 04:05 PM

• AUD/USD likely headed for 0.6100 strong support as USD strengthens broadly

• Closed 0.8% lower in NYK after hitting a near 5-year low of 0.6139

• Strong U.S. jobs growth raises doubts about further Fed rate cuts, weighs

• U.S. yields jump to multi-year highs; talk of 10-year yield hitting 5%

• U.S. inflation, Australia employment, China data, Fed comments key this week

• Growing likelihood of RBA 25 bps February rate cut also undermines AUD

• Strong support at 0.6099, 76.4% of 0.5510-0.8007 post-COVID rally

• Break opens 0.5980, Apr 2020 low; resistance 0.6170-80, 0.6100, 0.6220-25

• Friday range 0.6139-0.6206
AUD:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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