By Andrew M Spencer — May 14 - 11:45 PM
+0.2% in a 0.6642-0.6665 range - busy early and then quiet on D3
Bid despite softer commodities, Brent oil -0.7% and U.S. copper -0.55%
RBAWATCH prices no change in rates at 3.85% at 87.36% on June 6th
Tuesday's RBA Monetary Policy Meeting Minutes will be interesting
Charts; conflicting momentum studies, 5, 10 & 21 day moving averages
21-day Bollinger bands are starting slip - neutral setup at present
Failed at the upper 21-day Bolli, now 0.6795, and closed below 0.6689 21 DMA
This is a bearish signal - targets 0.6584 lower 21-day Bollinger band
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary