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Oct 14 - 07:55 PM

AUD/USD - Heavy On The Rising USD - Risk Appetite Leads In Asia

By Andrew M Spencer  —  Oct 14 - 06:15 PM
  • Trades steady after closing down 0.4% with the U.S. dollar up 0.3%

  • USD is up 2.4% in October on resilient US data and 'soft landing' hopes

  • There is no Australian data today or RBA events, so risk, USD to lead AUD

  • Japan's return from the long weekend and Chinese sentiment lead in Asia

  • Charts; daily momentum studies ease, with 5, 10 & 21-day moving averages

  • 21-day Bollinger bands gently expand - overall a modest downside bias

  • 0.6723 55 DMA and 0.6716, 0.382% of the Aug-Sep rise are resilient support

  • Close below 0.6700 would target the 0.6627 200 DMA a base on September 11th

  • Resistance at 0.6810 - high last week & 21-day moving average likely caps

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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