AUD/USD bulls meet strong resistance at 0.69 the figure – by fx_ross AUDUSD Technical Analysis Currencies RBA Fed
''However, we see downside risk if COVID-related disruptions on the labour market persist. A poor jobs report likely seals the outcome for a 25bps hike in October after the Governor struck a dovish tone last week.''As per the pre-market analysis at the start of the week, the Aussie has rallied from the 0.6820's:
The price has made headway, but 0.6900 is standing in the way currently. From a 1-hour basis, a peak formation is forming and threatens to send the price into the 0.6850s for the day ahead on a break of 0.6880 structure: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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