Derived Data That Drive Results
By Andrew M Spencer — Dec 08 - 09:55 PM
+0.1% at the top of a 0.7405-0.7419 range, with regional stocks firmer
Westpac consumer sentiment climbed to a 10yr high nL1N2IO370
Strong data joined Tuesday's NAB business confidence nS9N2H600D
Data having a modest impact, after coronavirus distorted the economy
Charts; daily, weekly and monthly 5, 10 & 21 MAs all trend higher
Targets a test of 0.7516, 76.4% of the 2018-2020 fall, longer term
Close below 0.7398 10 DMA, tested Monday would suggest consolidation
Asian 0.7405 low and London 0.7435 high initial support-resistance
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Source:
Refinitiv IFR Research/Market Commentary
