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