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Nov 06 - 09:55 PM

AUD/USD - Steady As Central Banks Gauge US Election Implications

By Andrew M Spencer  —  Nov 06 - 07:50 PM
  • Steady as markets pause for breath after Wednesday's volatility

  • Rate decisions and outlooks from the BOE and the Fed lead event risk

  • RBA said inflation implications of US election on Australia hard to judge

  • The RBA comments make sense and may be echoed by the BOE and Fed tonight

  • Charts; 5, 10 & 21-day moving averages slip, 21-day Bollinger bands ease

  • Daily momentum studies flat-line - signals show a modest bearish setup

  • A close above 0.6639 21 DMA would target 0.6722 high on Oct 21st

  • Wednesday's 0.6513 low and then 0.6475, 0.786% Aug/Sep rise first supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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