By Andrew M Spencer — Nov 07 - 10:15 PM
Trades 0.35% lower at the base of a busy 0.6656-0.6681 range on FX matching
A modest correction of Thursday's 1.7% bounce- steady e-minis and UST yields
Oil and metals are a touch softer, Nikkei +0.35%, AsiaxJP +0.65%
USD and risk appetite to lead AUD offshore - light EZ and US data schedule
Charts; 5, 10 & 21-day moving averages conflict, 21-day Bolli bands contract
Daily momentum studies edge higher - signals show a modest topside bias
The close above 0.6640 21 DMA targets a test of the 0.6728 0.5% Sep/Nov fall
Thursday's 0.6565 base and this week's 0.6513 low are initial supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary