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
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Source:
Refinitiv IFR Research/Market Commentary