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Oct 08 - 09:55 PM

AUD/USD - USD And Risk Back In Control, After The RBA And Budget

By Andrew M Spencer  —  Oct 08 - 08:55 PM
  • +0.05% as markets await US coronavirus stimulus news nL1N2GZ0T1

  • Quiet local stocks, E-mini S&P +0.4%, Nikkei & AsiaxJP flat, ASX200 -0.2%

  • No significant AUD event risk - USD and risk appetite to lead intraday

  • Charts - momentum studies base, 10 & 21 DMAs conflict - neutral setup

  • 0.7209 - October high and 50% of the September fall is major resistance

  • 0.7083-95, 61.8% Sep-Oct bounce and the Oct low is a pivotal support zone

  • NY 0.7147 low and 0.7182, 76.4% of Oct dip initial support-resistance

  • 0.7085 405M, 0.7100 582M and 0.7240-45 525M are today's strikes

    For more click on FXBUZ

aud oct 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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