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Oct 27 - 08:55 PM

AUD/USD - Downtrend Continues - AUD/JPY Flows To Lead In Asia

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

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