Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 22 - 07:55 PM

AUD/USD - Opens Firmer With Higher Commodity Prices

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!