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• AUD/USD -1.1% from Wed 0.7117 high as DXY surges to fresh 101.23 8-week high
• AU Aug employment 0130 GMT, poll consensus: +20k jobs, 4.5% unemployment
• Simultaneous breaks below 55-DMA & 0.7073 100-DMA a very bearish signal
• AUD now targeting 0.6920 support zone with 18-month uptrend at risk
• Futures pricing now implies 68.6% chance of Fed rate hike Oct 28
• Iran says still far apart in peace talks with U.S., Brent crude +4.3%
• RBA monetary policy meeting outcome due Tue, 25 bps hike priced in
• Overnight range 0.70265-94 support 0.6920 0.6865, resistance 0.7282 0.7661
AUD Daily 21/55/100-DMA
DXY Daily 55/100/200-DMA
(James Connell is a Reuters market analyst. The views expressed are his own.)