By Andrew M Spencer — Nov 05 - 07:50 PM
Trades down 0.5% with the U.S. dollar up 0.6% as the first polls close
Expect further U.S. dollar volatility as the election unfolds
AUD/USD will be 100% driven by risk appetite and the U.S. dollar today
Charts; 5, 10 & 21-day moving averages conflict, 21-day Bolli bands contract
Rising daily momentum studies - signals have turned neutral from bearish
A close above 0.6648 21 DMA would target 0.6692 0.382% of the Sep/Oct fall
Tuesday's 0.6579 low and then Last week's 0.6537 base are the first support
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary