By Andrew M Spencer — Oct 29 - 08:45 PM
CPI q/q +0.2% poll +0.3%, CPI 2.8% y/y poll 2.9% touch softer than forecast
Trimmed mean q/q +0.8% poll +0.7% a faction higher - overall a modest impact
AUD is a touch softer at the base of a 0.6554-0.6569 range
RBAWATCH priced no change on Nov 5th at 91.14% pre CPI - 90.86 post
Charts; 5, 10 & 21-day moving averages fall, Daily momentum studies ease,
21-day Bollinger bands slide - a strong bearish trending setup
0.6477 0.786% of the August-September rise is now initial support
Sustained 0.6477 break would target a test of the 0.6348 August base
0.6632 10-day moving average, then the 0.6698 21-DMA are first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary