By Andrew M Spencer — Oct 10 - 07:05 PM
Off 0.05% after closing up 0.35%, supported by the stronger commodity prices
With no tier-one Australian data or RBA speeches, risk and the USD lead AUD
Asia may be cautious ahead of China's weekend fiscal policy details, CPI
Charts; daily momentum studies ease, with 5 and 10-day moving averages
21-day Bollinger bands gently contract - overall a modest downside bias
0.6716, 0.382% of the Aug-Sep rise and 55 DMA is proving resilient support
Major resistance at 0.6802/10 - high this week, 10 & 21-day moving averages
A close outside 0.6700 or 0.6810 tonight would likely extend next week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary