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TDUX
Jul 23 - 01:55 AM

AUD/USD - Holds AU Jobs Inspired Gains; RBA Aug Meeting Live?

By Krishna Kumar  —  Jul 22 - 11:35 PM

• AUD/USD up 0.25% in brisk Asian trading, boosted by robust AU jobs data

• Opened lower at 0.6990 from Wed 0.6998 close as Houthis actions lifted oil

• 0.6988 traded pre-data, surged as June Australian jobs blew away forecasts

• Peaks at 0.7021 before consolidation sets in; settles at 0.7015 into Europe

• Economy created 76.3k jobs vs 15.3k expected, jobless rate steady at 4.4%

• Probability of another RBA rate hike by year-end jumps to 97% from 78%

• RBA Aug 10-11 meeting will be live if Q2 CPI on Wed is higher-than-expected

• Daily close above 0.7023, 38.2% Fibo of May-June drop, a bullish signal

• Will open resistance at 0.7050, 0.7070-75; support 0.6985-90, 0.6960-65
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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