By Andrew M Spencer — Sep 05 - 09:35 PM
Off 0.1%, capped by cautious sentiment in Asia ahead of US jobs
ASX 200 +0.1%, Nikkei -0.35%, AsiaxJP flat Nasdaq E-mini -0.9%
US jobs data likely pivotal for a 25pt or 50pt Fed September cut
The RBAs hawkish tone Thursday should provide underlying AUD support
Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil
Daily momentum studies crest - mixed signals as the uptrend hangs in
Wednesday's 0.6749 high then Tuesday's 0.6792 top are initial resistance
Close below the 0.6715 21-DMA and Wednesday's 0.6685 base would be bearish
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Source:
Refinitiv IFR Research/Market Commentary