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Nov 24 - 08:55 PM

AUD/USD - Risk Appetite, Softer USD, Positive Signals Support

By Andrew M Spencer  —  Nov 24 - 07:05 PM

  • Steady after closing 0.45% higher, as USD slipped after FOMC minutes

  • Slower pace of Fed hikes eases the pressure on central banks nL4N32J36J

  • RBAWATCH prices another 25 pt tightening at 83.5% for December 6th

  • No significant Aus data or RBA events - range trading likely into weekend

  • Charts; momentum studies edge higher 5, 10 & 21 day moving averages climb

  • 21 day Bollinger bands head north - a strong positive trending setup

  • Targets a test of 0.6797 November high, then 0.6915, 50% 2022 fall

  • London 0.6731-0.6777 range is initial support and resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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