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Sep 15 - 10:55 PM

AUD/USD - Soft With Risk With The 2022 Low Looking Vulnerable

By Andrew M Spencer  —  Sep 15 - 08:15 PM

  • Down 0.15% with the U.S. dollar a touch firmer, amid soured risk appetite

  • RBA Governor provided no surprises in his speech to parliament nS9N2ZT00B

  • RBA committed to returning inflation to the 2%-3% target range over time

  • Risk under pressure in Asia with E-mini S&P futures down 0.65%

  • Charts - 5, 10 & 21 daily weekly and monthly moving averages all head lower

  • 21 day Bollinger bands and daily momentum studies edge south - bearish setup

  • 0.6682 July and 2022 low in view - break targets 0.6463 61.8% 2020/21 rise

  • Asian 0.6685 low and New York 0.6749 high initial support, resistance

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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