By Andrew M Spencer — Oct 27 - 07:20 PM
+0.05% after closing down 0.55% with the USD up 0.25% on Friday
There is no tier one Australian data or scheduled RBA events
The market response to a new Japanese coalition government will lead
AUD/JPY flows will likely drive AUD/USD in Asia - AUD/JPY trades up 0.4%
Charts; 5, 10 & 21-day moving averages fall, daily momentum studies ease
21-day Bollinger bands slide - daily charts maintain the downside bias
0.6577 0.618% of the August-September rise is the next significant support
0.6659 10-day moving average, then the 0.6731 21-DMA are first resistance
A close below 0.6577 would target 0.6477, 0.786% of the Aug/Sept rise
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary