• AUD/USD edged higher on Monday as traders eyed two upcoming central bank appearances and U.S. inflation data.
• RBA Deputy Governor Andrew Hauser will be interviewed by ABC on Tuesday evening, while Assistant Governor Sarah Hunter will speak at a Sydney property event Tuesday afternoon.
• U.S. August non-farm payrolls rose by 162,000, significantly exceeding the 56,000 increase expected by economists.
• U.S. inflation data will be in focus this week, with PPI due Wednesday and CPI on Thursday. Strong readings could boost Fed rate-hike expectations, while softer data may revive rate-cut bets.
• Immediate resistance is located at 0.7236(Higher BB), any close above will push the pair towards 0.7269(23.6%fib).
• Support is seen at 0.7160(38.2%fib) and break below could take the pair towards 0.7141(SMA 20 ).
Recommendation: Good to buy around 0.7200, with stop loss of 0.7120 and target price of 0.7280
