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