Emmanuel Ng of OCBC Bank, notes that with AUD/USD expected to remain in doldrums intra-day, the nearest support to break for the pair is 0.7625, before moving lower towards 0.7600.
Key Quotes
“This morning, the January labor market numbers came in on the wrong side of expectations (employment change at -12.2k, unemployment rate rising more than expected to 6.4%) although we note upward revisions to employment change numbers for December.”
“Nevertheless, AUD-USD has tripped towards the 0.7650 neighborhood with the pair expected to remain in the doldrums intra-day.”
“Ahead, the RBA’s Stevens is also expected to testify before the House Committee on Economics at 2200 GMT.”
“The nearest pit stop for the pair at this juncture rests at 0.7625 before 0.7600”
Key Quotes
“This morning, the January labor market numbers came in on the wrong side of expectations (employment change at -12.2k, unemployment rate rising more than expected to 6.4%) although we note upward revisions to employment change numbers for December.”
“Nevertheless, AUD-USD has tripped towards the 0.7650 neighborhood with the pair expected to remain in the doldrums intra-day.”
“Ahead, the RBA’s Stevens is also expected to testify before the House Committee on Economics at 2200 GMT.”
“The nearest pit stop for the pair at this juncture rests at 0.7625 before 0.7600”
