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Sep 05 - 10:55 PM

AUD/USD - Capped Above Key Support By Cautious Sentiment

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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