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