By Andrew M Spencer — Jan 19 - 10:25 PM
Up 0.3% - trades near the top of a quiet 0.6907-0.6933 range on D3
Light volumes with no significant AU data into Lunar New Year
Resilient risk appetite, E-mini S&P +0.2%, Nikkei flat and AsiaxJP +0.35%
Charts; momentum studies fall, 21 day Bollinger bands contract
5, 10 & 21 day moving averages conflict - positive setup turned neutral
Thursday's 0.6948 high then this week's 0.7063 top first resistance
Close below 0.6846/50, 50% Dec/Jan rise and 21 DMA would be bearish
Asian 0.6907 low and Thursday's 0.6948 high initial support and resistance
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Source:
Refinitiv IFR Research/Market Commentary