By Andrew M Spencer — Apr 11 - 07:35 PM
Steady after closing up 0.35%, with the USD broadly softer, =USD -0.35%
UK house sales at pre-COVID levels after 'mini-budget' shock - Rightmove
Data shows the UK property market remains resilient, despite dour forecasts
Expecting a tight USD/risk led Asian range ahead of U.S. CPI tonight
Charts; 10 & 21 day moving averages climb with the 21 day Bollinger bands
Mixed momentum studies - uptrend has stalled, but signals are net positive
Sustained break of the 1.2321 rising 21 DMA would turn the bias to lower
NY 1.2407 low and London 1.2456 high are initial support, resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary