Fundamentals & Sentiment
USD:
- Weak Services PMI, Employment, Factory Orders
- Expectations of lower NFP number tomorrow
- Fed's stance is stable: wait and see
AUD:
- Policy meeting: "Policymakers stressed the need to remain vigilant about upside risks to inflation, adding that a material rise in prices could require significantly higher rates."
- Interest rate expectations differential in favor of AUD
- Copper is showing the signs of recovery
Technical & Other
Setup: S(B)
Setup timeframe: D
Trigger: 4h
Medium-term: Sideways
Long-term: Up
Min target: 3:1
Risk: 0.37%