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