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Nov 23 - 11:55 PM

AUD/USD - Bid For A 0.6800 Test, As Risk Appetite Builds

By Andrew M Spencer  —  Nov 23 - 10:20 PM

  • +0.3% with the U.S. dollar off 0.4% - FOMC minutes more cautious on hikes

  • AUD bid with risk appetite, E-mini S&P +0.2% ASX 200 +0.35%, Nikkei +1.2%

  • Trades near the top of a 0.6726-0.6755 range with moderate flow on D3

  • Charts; momentum studies edge higher 5, 10 & 21 day moving averages climb

  • 21 day Bollinger bands expand - a strong positive trending setup

  • Targets a test of 0.6797 November high, then 0.6915, 50% 2022 fall

  • 0.6557, 38.2% of Oct/Nov rise and 0.6562 21 DMA are pivotal support

  • 0.6726 Asian low then 0.6702 NY afternoon range base initial support

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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