By Andrew Spencer — Jan 22 - 06:06 PM
• -0.05% after closing little changed on Wednesday with the USD up just 0.1%
• There is no significant Australian data, so risk appetite and the USD lead
• Trump initiates policy on all fronts, so his comments may spark volatility
• Techs - 5, 10 & 21 DMAs edge higher as 21-day Bollinger bands expand
• Daily momentum studies climb - a positive setup on the daily charts
• 0.6284 upper 21-day Bollinger band and 0.6302 2025 top resilient resistance
• Friday's 0.6164 low and then the 2025 0.6131 base are initial support
• Sustained break above the 0.6302 2025 high would be a strong positive
signal
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters