By Andrew M Spencer — Sep 03 - 12:50 AM
AUD slides into Europe - trades -0.85% at the base of a 0.6733/0.6792 range
Lower Asian and e-mini stocks, falling commodities, and higher UST yields
U.S. ISM Manufacturing PMI leads offshore event risk - RTRS poll 47.5
Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil
Daily momentum studies crest at elevated levels - a modest positive setup
Today's 0.6792 top and last week's 0.6824 trend high are initial resistance
August 22nd 0.6697 base and the 0.6688 21 DMA are initial supports
A close below the 0.6689 21 DMA would end the topside bias
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Source:
Refinitiv IFR Research/Market Commentary