AUD/USD may exhibit a more bearish behavior in May as the exchange rate snaps the upward trending channel following the failed attempt to test the March high (0.6685).
<p>Pivot (invalidation): 0.9640 Our preference Short positions below 0.9640 with targets at 0.9590 & 0.9570 in extension. Alternative scenario Above 0.9640 look for further upside with 0.96
EMFX surfs in a sea of green. Today's US jobs data will be key in determining whether this week's risk-positive trend has further room to run, economists at ING report.
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