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