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Sep 24 - 08:55 PM

AUD/USD - Long-Term Resistance Under Pressure Into CPI

By Andrew M Spencer  —  Sep 24 - 07:35 PM
  • +0.05% after closing up 0.8% with the U.S. dollar off 0.6%

  • AUD supported by higher commodities fuelled by China demand hopes

  • The RBA's cautious outlook on Tuesday contrasts with the dovish Fed

  • Weighted CPI data today will be key for RBA expectations RTRS poll 2.7%

  • 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 broken, 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

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