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Oct 31 - 10:55 PM

AUD/USD - Eases As FX Markets Await The Often Volatile US Jobs

By Andrew M Spencer  —  Oct 31 - 08:50 PM
  • Trades off 0.1% in a low-key start to the day for FX in Asia

  • Tight range trading in Asia is not unusual ahead of volatile US jobs

  • Australian mining stocks hit 3-week low on weak iron ore prices

  • RTRS poll suggests the RBA will hold rates next week - cut in Feb

  • Charts; 5, 10 & 21-day moving averages fall, 21-day Bollinger bands slip

  • Mixed daily momentum studies ease - the negative setup remains in place

  • This week's 0.6537 low then 0.6477 0.786% of the Aug-Sep rise first support

  • A sustained 0.6477 break would target a test of the 0.6348 August base

  • 0.6609 10-day moving average, then the 0.6671 21-DMA are first resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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