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Nov 06 - 11:55 PM

AUD/USD - Bid - BoE And Fed Outlooks To Drive Yields, FX

By Andrew M Spencer  —  Nov 06 - 10:25 PM
  • Trades up 0.6% on bargain hunting into Europe after Wednesday's 1.05% fall

  • AUD trades at the top of a busy 0.6565-0.6615 range on FX Matching

  • RBA - inflation implications of US election on Australia are hard to judge

  • The BoE and Fed to cut 25bp - outlooks will be key for yields and currencies

  • Charts; 5, 10 & 21-day moving averages slip, 21-day Bollinger bands ease

  • Daily momentum studies flat-line - signals show a modest bearish setup

  • A close above 0.6640 21 DMA would target 0.6722 high on Oct 21

  • Wednesday's 0.6513 low and then 0.6475, 0.786% Aug/Sep rise first supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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