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Oct 14 - 01:55 AM

AUD/USD - Bid - Buoyant Risk Appetite To End A Hectic Week

By Andrew M Spencer  —  Oct 13 - 11:25 PM

  • +0.45%, amid buoyant risk appetite, helped by China and UK news

  • Trades towards the top of a busy 0.6290-0.6340 range on D3

  • China PBOC to step up policy measures to boost the economy nL1N31F02K

  • UK's Kwarteng heads home early amid reports of policy U-turn nL8N31E19W

  • Charts, 5, 10 & 21 day, week, and month moving averages trend lower

  • Momentum studies conflict, while 21 day Bollinger bands track lower

  • Strong bearish setup suggests a test of psychological 0.6000

  • Close above trend channel top from mid Sept at 0.6407 would be positive

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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