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Refinitiv
Oct 22 - 02:36 AM
AUD/USD - Key Resistance Holds, As AUD/NZD Selling Caps
First appeared on eFXplus on Oct 21 - 11:10 PM
  • Touch firmer, but quiet, though a reasonable 0.6863/0.6868 range

  • AUD/NZD -0.3%, NZD led and busy on higher Fonterra milk prices nL3N27642Q

  • Charts - momentum studies, 5, 10 & 21 DMAs head higher - positive setup

  • Major 0.6875/80 resistance, cloud top & 50% Jul/Oct fall held in Asia

  • AUD has not closed above the cloud since July, so real resistance

  • Above this is the 0.6895 September high - should need news to break 0.6900

  • Earlier 0.6863 low and 0.6880 cloud top initial support/resistance

aud 2 oct 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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