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Oct 15 - 11:55 PM

AUD/USD - Lower As Risk Appetite Takes A Dive In Asia

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

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