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