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The post-RBA drop yesterday noticed AUD/USD took out its 200-day shifting common (blue line) and that’s the key technical level of rivalry immediately, with the pair up 0.5% to 0.6580 at the moment:
AUD/USD day by day chart
The important thing degree is sitting at 0.6577 and if patrons can push again above that, will probably be a very good platform to construct again the upside momentum from November. However hold beneath, and sellers will keep reinvigorated in the hunt for an additional retracement after the drop from earlier this week.
The notable headline for the aussie immediately was the softer-than-expected Australian GDP knowledge right here. Nonetheless, that has not likely dented the keenness for the foreign money on the day. As a substitute, it looks as if a greater threat temper and the doubtless decrease setup to the US jobs report on Friday are elements that may very well be effectively in consideration.
On the latter, the JOLTS knowledge yesterday right here is one that’s hinting at additional softness within the jobs market in direction of year-end.
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