By Andrew M Spencer — Oct 28 - 06:45 PM
Steady after closing down 0.35%, with the U.S. dollar unchanged
AUD weakness likely caused by softer commodities, higher UST yields
There is no significant AUD data or RBA events today - risk/USD lead
Charts; 5, 10 & 21-day moving averages fall, daily momentum studies ease
21-day Bollinger bands slide - daily charts maintain the downside bias
0.6577 0.618% of the August-September rise is under pressure
Sustained 0.6577 break targets a test of 0.6477, 0.786% Aug/Sep rise
0.6645 10-day moving average, then the 0.6714 21-DMA are first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary