By Andrew M Spencer — Aug 29 - 07:20 PM
Steady early after closing up 0.2%, resilient to a 0.35% USD rise
Month-end rebalancing flows were likely behind the offshore moves
Retail sales, housing credit, and private sector credit lead today's data
Charts, 21-day Bollinger bans, 10 and 21-day moving averages climb
Daily momentum studies flat line at elevated levels - positive setup
The move targets 0.6871 Dec 23 high and then the 0.6900 July 23 top
0.6767 10-day moving average and this week's 0.6861 low are initial supports
A close below 0.6750 would be a negative signal for next week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary