Australian Dollar Rally Collapses at a Multi-Year Wall
StoneXThe Australian dollar reversed off a multi-year resistance zone after an eight-week advance, leaving U.S. jobs data to set the next move. Michael Boutros, StoneX Media Senior Market Analyst, walks through the weekly, daily and four-hour charts and explains where the uptrend stays intact and what would signal it is breaking. He also maps the event risk driving the pair, starting with Australian second quarter GDP and running through the ADP private sector employment report and Friday's nonfarm payrolls. Federal Reserve rate expectations swung sharply after the Jackson Hole Economic Symposium, and the employment data can reset them again. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 00:00 - Australian Dollar Hits a Wall 00:22 - Weekly Resistance Holds Firm 01:06 - Daily Reversal Off the High 01:47 - Where the Uptrend Breaks 03:28 - Australian GDP and U.S. Jobs 04:01 - Rate Bets Flip After Warsh Like and subscribe for more financial market insights. #AUDUSD #StoneX #MichaelBoutros #Forex