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TDUX
Jul 02 - 05:55 AM

AUD/USD - Awaits NFP Data; Dollar-Yen In Focus

By Robert Howard  —  Jul 02 - 03:42 AM

• AUD/USD hits 0.6902 intra-day high as yen jumps against U.S. dollar

• U.S. jobs data due at 1230 GMT: June NFP forecast at 110k; jobless rate f/c 4.3%

• USD might weaken on NFP miss, with scope for AUD/USD to rise to 0.6930

• 0.6930 was Tuesday peak (scaled at the quarter-end London fix)

• AUD/USD support levels include 0.6883 (Wednesday low) and 0.6865 (200DMA)

• Australia posted goods trade deficit of A$3 billion in May, largest since 2015

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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