By Andrew M Spencer — Oct 22 - 07:05 PM
Steady after closing up 0.35%, leading the USD lower on higher commodities
There is no Australian data or RBA speeches, so risk, commodities, USD lead
Stocks and yields little changed offshore - consolidation likely in Asia
Charts; 10 & 21-day moving averages fall, daily momentum studies ease
21-day Bollinger bands ease - daily charts retain a modest downside bias
0.6628 200-day moving average and 0.6622 September low are initial supports
0.6701 10-day moving average, then the 0.6770 21-DMA are first resistances
A close above last week's 0.6793 high would end the downside bias
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Source:
Refinitiv IFR Research/Market Commentary