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Sep 25 - 08:55 PM

AUD/USD - Opens Lower On USD Strength, 0.6798 Is Key Support

By Andrew M Spencer  —  Sep 25 - 07:45 PM
  • Steady after closing off 1% with the USD up 0.55% with higher UST yields

  • There is no Aus data - RBA Financial Stability Review will be interesting

  • AUD will likely be driven by offshore factors, the USD and risk appetite

  • Charts; 5, 10 & 21 day moving averages climb as 21 day Bolli bands expand

  • Neutral daily momentum studies - daily/weekly signals remain bullish

  • 0.6900 Jun 2023 top held, close above targets 0.70880 .5% Feb 21/Oct 22 fall

  • Close below this week's 0.6798 base and 10 DMA would be a negative signal

  • 0.6790/00 1.272 BLN and 0.6825/30 937 mln close strikes for September 26th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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