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Sep 24 - 10:55 PM

AUD/USD - CPI On Forecasts - Buoyant China Markets Support

By Andrew M Spencer  —  Sep 24 - 09:45 PM
  • Weighted CPI key for RBA expectations, RTRS poll 2.7% - actual 2.7%

  • Up 0.1% into the CPI data - slipped to trade down 0.1 after the release

  • CPI data unlikely to impact, focus swings to China markets to gauge risk

  • China's SSEC composite index trades up 2.1% early - should support the AUD

  • Charts; 5, 10 & 21 day moving averages climb as 21 day Bolli bands expand

  • Daily momentum studies rise - daily signals show a positive trending setup

  • 0.6900 Jun 23 top tested, close above targets 0.70880 .5% Feb 21/Oct 22 fall

  • This week's 0.6798 base and 10 day moving average then 0.6758 21 DMA support

  • 0.6870/80 1.037 BLN are the major close strikes for September 25th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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