By Andrew M Spencer — Sep 03 - 09:40 PM
Corrects typo in third line
AUS real GDP QQ +0.2% RTRS poll forecast +0.3%, YY 1% forecast +1%
AUD off 0.3% with soured risk appetite pre data -0.2% after the GDP
Stocks slide in Asia, Nikkei -3.3%, AsiaxJP -1.5% - risk not data lead AUD
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
Tuesday's 0.6792 top and last week's 0.6824 high are initial resistance
August 22nd 0.6697 base and the 0.6696 21 DMA are being tested
A close below the close 0.6696 21 DMA would end the topside bias
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary