By Andrew M Spencer — Oct 15 - 09:45 PM
AUD -0.35%, led by the NZD -0.55% as CPI raised hopes of a large RBNZ cut
Japan leads the negative sentiment Nikkei off 1.9%, AsiaxJP -0.75%
Australian S&P/ASX 200 off just 0.2% - a modest oil bounce Brent +0.4%
Falling regional stocks and sentiment follow Tuesday's Dow, commodity slide
Charts; 5, 10 & 21-day moving averages ease with daily momentum studies
21-day Bollinger bands gently expand - daily charts show a downside bias
0.6627 200-day moving average and 0.6622 September low are major support
Close below 0.6620 would target 0.6575 0.618% of the Aug/Sep rise
Today's 0.6701 high and then Tuesday's 0.6731 top are the first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary