AUD/USD is testing chart resistance at 1.0370, AUD/JPY is testing 99.50 and AUD/NZD is headed for 1.2650. Looks like the market was a bit short overall and unless you’re bullish, best leave the Teflon currency alone.
I’m not sure where all the new jobs are being created but it’s hard to argue with it. Odds of a rate cut have slumped to virtually zero! Now we wait and see if real money buyers start to chase this move.
