All the content is provided for general information only and trade signals should not be construed as any form of regulated advice. It does not take into consideration your personal circumstances, including your investment objectives, risk profile, tax status, knowledge and understanding or financial situation. Past performance is no guarantee of future results.
Commentary
AUDUSD has consolidated below at 0.748 and we expect below this resistance level the currency pair to move lower toward the psychological 0.7 level.
Non farm payrolls came in at 943K vs 870K forecast boosting the US dollar as Australia continues to be impacted by the covid delta variant.
Additionally, treasury yields have risen on the back of the strong payroll number as the markets expects the FED to taper sooner.
Next week we await key economic data releases including US retail sales as well as RBA meeting minutes and FOMC meeting minutes for any significant price action.