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Nov 01 - 01:55 AM

AUD/USD - Trends Lower, Tight Range Into The Volatile US Jobs

By Andrew M Spencer  —  Oct 31 - 11:25 PM
  • Trades flat in a 0.6569-0.6583 range with modest interest on FX Matching

  • FX majors were quiet in Asia - not unusual ahead of the volatile US payrolls

  • Oil, metals are firmer- E-minis steady despite strongmegacapresults

  • RBA is expected to keep rates steady next week, RBAWATCH 95.84% 5% hold

  • Reaction will be on the RBA statement - expect all options to remain live

  • Charts; 5, 10 & 21-day moving averages fall, 21-day Bollinger bands ease

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

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

  • 0.6609 10-day moving average, then the 0.6671 21-DMA are first resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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