05/05/14 - AUD/USD Daily Analysis

Jarratt Davis

Special Consultant to the FPA
After Fridays Non Farm Payrolls number come in at 288k with the unemployment dropping to 6.3% the US Dollar saw some initial strength, however with the Average Hourly Earnings coming in at 0.0% its strength was short lived.

With the Reserve Bank of Australia (RBA) Rate statement coming on May 6th the market is expecting that they will remain neutral with no talk of raising rates, but with a firm move away from any remaining talk of a rate cut.

We are looking to buy AUDUSD on dips, with support levels at 0.9200 down to 0.9000 with the expectation for it to reach 0.9500 unless the RBA's tone changes.

Also I was recently interviewed by Romas from FPA for Dukascopy TV, you can watch the interview at the link below.

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Good to be back Jarratt. I have been missing your emails...hoping my problem fixed now. :cool:
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