By Christopher Romano — Aug 05 - 01:55 PM
AUD/USD dropped in overnight trading, NY opened near 0.6945
Pair falls after big upside surprise to US July NFP, AHE nL1N2ZG2G3
US rates EDZ2 spike up as investors price in higher terminal Fed rate
US$ bought broadly after data, USD/CNH neared 6.7690 before dipping
AUD/USD fell below the 21-DMA, hit 0.6870 then bounced above 0.6915
Lift off lows for stocks ESv1, copper HGv1 & AUD/JPY gains buoy AUD/USD
Techs lean bearish; RSIs falling, AUD/USD below daily cloud, 10 & 55-DMAs
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Source:
Refinitiv IFR Research/Market Commentary