By Andrew M Spencer — Nov 04 - 06:10 PM
Steady after closing up 0.38% amid broad-based US dollar weakness
Monday's early USD selloff was sustained by the tight US election flows
Today's RBA rate decision will be interesting, but markets expect few changes
The RBA to remain data-driven, and cautious on rate cuts, amid resilient inflation
Charts; 10 & 21-day moving averages fall, 21-day Bollinger bands ease
Mixed daily momentum studies - the October downtrend remains in place
Last week's 0.6537 low then 0.6477 0.786% of the Aug-Sep rise first support
0.6590 10 DMA held on the close, then the 0.6652 21-DMA is first resistance
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Source:
Refinitiv IFR Research/Market Commentary