By Andrew M Spencer — Nov 05 - 09:35 PM
Trades -1.1% at the base of a 0.6565-0.6645 range- heavy FX Matching flow
Move is totally USD-led - 10yr UST +10bp to 4.390% on TWEB, =USD +1.25%
Expect further U.S. dollar volatility as the US election unfolds
Charts; 5, 10 & 21-day moving averages conflict, 21-day Bolli bands ease
Neutral daily momentum studies - signals show a neutral setup
A close above 0.6646 21 DMA would target 0.6692 0.382% of the Sep/Oct fall
Friday's 0.6554 low and then Last week's 0.6537 base are the first support
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary