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Refinitiv
Oct 17 - 07:55 PM

AUD/USD - Strong Offshore - Risk Appetite, USD Lead In Asia

By Andrew M Spencer  —  Oct 17 - 07:10 PM
  • Steady after closing up 0.4% on the strong jobs data, with the USD +0.2%

  • AUD strengthened against all the major currencies, AUD/JPY and AUD/EUR +0.8%

  • There is no significant Aus data today, so risk appetite, the USD lead AUD

  • A raft of Chinese data and regional stocks will be key for sentiment

  • Charts; 5, 10 & 21-day moving averages fall with daily momentum studies

  • 21-day Bollinger bands expand - daily charts show a downside bias

  • 0.6627 200-day moving average and 0.6622 September low are major support

  • 0.6720 10-day moving average and 0.6793 high this week are first resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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