By Andrew M Spencer — Nov 06 - 06:20 PM
Steady after closing down 1.05%, resilient against a 1.7% USD jump
Deficit and inflation fears on Trump gov't policies fuelled USD strength
Australian trade figures lead today's data - poll +5,300M - rarely impacts
Asia may be quieter into Federal Reserve and Bank of England rate decisions
Charts; 5, 10 & 21-day moving averages slip, 21-day Bollinger bands ease
Daily momentum studies flat-line - signals show a modest bearish setup
A close above 0.6639 21 DMA would target 0.6722 high on Oct 21
Wednesday's 0.6513 low and then 0.6475, 0.786% Aug/Sep rise first supports
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Source:
Refinitiv IFR Research/Market Commentary