Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 22 - 07:55 PM

AUD/USD - Volatile Offshore - Opens Lower As Risk Appetite Sours

By Andrew M Spencer  —  Dec 22 - 05:45 PM

  • +0.05% after closing -0.55%, as risk appetite soured on Fed rate hike fears

  • Private sector and housing credit lead data - interesting, not market moving

  • No scheduled RBA events, so the USD and risk appetite to lead in Asia

  • Charts; momentum studies conflict, 5, 10 & 21 DMAs head lower

  • 21 day Bollinger bands also track south, overall a negative setup

  • Targets a test of 0.6616, 38.2% of the October/December rise

  • Close above 0.6735 21 day moving average would end downside bias

  • 0.6650 NY low and 0.6694 38.2% of Thur's fall initial support/resistance

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
© 2023 eFXdata · All Rights Reserved
!