By Andrew M Spencer — Nov 04 - 10:45 PM
+0.05% in a 0.6579-0.6597 range on LSEG FX Matching after the RBA decision
The November statement headlines are very close to those in September
"Not ruling anything in or out" remains in the final paragraph
The Statement suggests there is no hurry to change rates - RBA data-driven
Charts; 10 & 21-day moving averages fall, 21-day Bollinger bands ease
Mixed daily momentum studies - the October downtrend remains in play
Last week's 0.6537 low then 0.6477 0.786% of the Aug-Sep rise first support
0.6590 10 DMA held on the close, the 0.6652 21-DMA is the next resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary