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Nov 04 - 11:55 PM

AUD/USD - RBA Remains Data-Driven - No Hurry To Change Rates

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

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