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AUDUSD moves up but runs into the 100 hour MA

The AUDUSD moved higher in reaction to the overall dollar selling after the US jobs report.

That report report showed a stronger nonfarm payroll jobs (311K versus 205K estimate), but hourly earnings were lower and the unemployment rate was higher than expected levels.

Also in play (and probably more important given its potential impact on the Fed) is the financial market concerns as a result of the Silicon Valley Bank situation. They had to take a $2 billion loss on their bond p... Read More

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Posted: Mar 10 2023, 14:25

Author Name: forexlive

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