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Oct 28 - 10:55 PM

AUD/USD - Heavy In A Tight, Busy Range - Fresh Trend Low

By Andrew M Spencer  —  Oct 28 - 09:35 PM
  • Off 0.05% in a busy morning on LSEG FX Matching - AUD/JPY is off 0.2%

  • Mixed markets in Asia, Nikkei +0.55%, AsiaxJP flat, Brent oil +0.45%

  • Without significant AUD data or RBA events today - risk and the USD lead

  • Charts; a fresh 0.6572 AUD trend low - 5, 10 & 21-day moving averages fall

  • Daily momentum studies ease, 21-day Bolli bands slide - bias is lower

  • 0.6577 0.618% of the August-September rise is under pressure

  • Sustained 0.6577 break targets a test of 0.6477, 0.786% Aug/Sep rise

  • 0.6645 10-day moving average, then the 0.6714 21-DMA are first resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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