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Nov 03 - 07:55 PM

AUD/USD - Busy Early As The USD Fell - USD/Risk To Lead In Asia

By Andrew M Spencer  —  Nov 03 - 05:40 PM
  • Up 0.7% in early Asia after closing -0.35% - the USD was sold at the open

  • USD selloff possibly on a Harris victory in the Des Moines Register poll

  • ANZ job ads lead Australian data - interesting but unlikely market-moving

  • Expecting choppy nervous US dollar trading into Tuesday's US election

  • Charts; 10 & 21-day moving averages fall, 21-day Bollinger bands ease

  • Mixed daily momentum studies - the negative trending setup remains in place

  • Last week's 0.6537 low then 0.6477 0.786% of the Aug-Sep rise first support

  • 0.6601 10 DMA, tested but holds, then the 0.6661 21-DMA are first resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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