Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 07 - 09:55 PM

AUD/USD - Modest Early Correction Into Thursday's Jump

By Andrew M Spencer  —  Nov 07 - 08:00 PM
  • Off 0.2% - a modest correction so far of Thursday's 1.7% jump

  • Asia takes the positive lead from Wall Street, Nikkei +0.8%, AsiaxJP +0.4%

  • Treasury yields and e-minis are little changed, commodities quiet so far

  • After a volatile week full of event risk, Asia may cruise into the weekend

  • Charts; 5, 10 & 21-day moving averages conflict, 21-day Bolli bands slip

  • Daily momentum studies edge higher - signals show a modest topside bias

  • Close above 0.6640 21 DMA targets a test of the 0.6725 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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!