By Andrew M Spencer — Jul 15 - 11:55 PM
Off 0.2% towards the base of a 0.6742-0.6764 range with the USD USD up 0.15%
Yen weakness supports the USD in Asia - USD/JPY +0.45%, AUD/JPY +0.25%
USD, risk appetite to lead AUD offshore - US retail sales leads event risk
Charts - 5, 10 & 21-day moving averages climb with 21-day Bollinger bands
Mixed daily momentum studies - uptrend stalled but retains a positive bias
Last week's 0.6724 base, then the 0.6698 21-DMA are initial supports
Early 0.6764 high then Monday's 0.6788 top are the first resistance
A close above 0.6800 would open the door to the 0.6871 December top
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary