The mixed job print has almost taken the floor out under the Aussie dollar with the hourly chart showing this week’s uptrend and session lows almost broken:
It’s not close to threatening its epic rise since the early December bottom, but yesterday’s spinning top pattern on the daily chart warrants caution for the bulls:
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The nascent bull run is also under threat versus Pound Sterling, which is ready to breakfree of upside resistance (GBPAUD is inverse to usual Aussie pairs):
Yen:
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And even the Kiwi:
The key risk to the Aussie dollar lie in the Chinese data storm coming up in the next couple of hours…stay tuned and watch 79.30!