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