By Andrew M Spencer — Aug 22 - 07:05 PM
Steady early after closing off 0.6%, as the U.S. dollar bounced 0.4%
USD bounce due to short covering ahead of tonight's Jackson Hole Symposium
U.S. data suggests the economy is cooling, and Fed policymakers agree
No major Aus data, regional stocks/risk to follow the fall on Wall Street
Charts; 5, 10 & 21-day, week moving averages climb - mixed momentum studies
21-day Bollinger bands rise - dip has not changed the positive setup
Wednesday's 0.6761 high, then the 0.6798 July trend top are first resistance
0.6673 10 DMA and this week's 0.6666 base are the first supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary