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Nov 05 - 11:55 PM

AUD/USD - Off 1.1% As The USD Surges On US Election Sentiment

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

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