AUDUSD - Still Short Despite Positive Data

2020-01-24 20:57:01

We still see AUDUSD moving lower despite the bounce on the back of positive Australian jobs data 28.9K vs 10K forecast. We now anticipate the currency pair to consolidate below key support at around 0.685 in the coming trading sessions as we wait US Durable Goods Orders and US Consumer Confidence on Tuesday.