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Oct 21 - 10:55 PM

AUD/USD - Soft, But Trend Remains Higher - Wages Key For RBA

By Andrew M Spencer  —  Oct 21 - 08:32 PM

  • -0.1% - closed -0.67% on higher UST yields and AUD/JPY cross profit taking

  • Wages growth key to sustained Australia inflation rise -RBA nL4N2RH4AM

  • RBA like many other CB's uncertain, watching data and events unfold closely

  • Charts; 5, 10 & 21 day moving averages, 21 day Bollinger bands climb

  • Strong trending setup - bias higher while 0.7424 10 day moving average holds

  • Targets a test of 0.7556-63 50% 2021 fall and the 200 DMA, capped since June

  • 0.7424 10 DMA and NY 0.7505 high are initial support and resistance

For more click on FXBUZ


aud Oct 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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