By Andrew M Spencer — Aug 03 - 11:35 PM
Trades up 0.45% in a busy 0.6547-0.6587 range, with the USD softer
No major surprises in the RBA's SOMP - cut growth outlook, inflation easing
Upcoming data will be pivotal for the RBA's outlook and interest rate policy
Risk appetite and the U.S. dollar will lead the AUD in offshore markets
Charts; momentum studies, 5, 10 & 21-day moving averages head lower
21-day Bollinger bands expand - signals show a bearish trending setup
Close above falling 0.6663 10-day moving average needed to end downside bias
Sydney's 0.6547 low and Thursday's 0.6514 base first supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary