By Andrew M Spencer — Aug 29 - 09:40 PM
AUD steady at 0.6798 before the data and trades little change at 0.6793
Retail sales came in at flat - poll +0.3% - the high cost of living caps
Charts, 21-day Bollinger bans, 10 and 21-day moving averages climb
Mixed daily momentum studies at elevated levels - positive setup
The move targets 0.6871 Dec 23 high and then the 0.6900 July 23 top
0.6767 10-day moving average and this week's 0.6861 low are initial supports
A close below 0.6750 would be a negative signal for next week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary