By Andrew M Spencer — Oct 15 - 07:00 PM
Trades -0.1% after closing -0.34% with lower commodities and the USD steady
RBA' Hunter said inflation expectations have not become de-anchored
It's important that we track how inflation expectations are evolving
M1 leading index due in an hour last -0.04% - unlikely to impact AUD
Charts; 5, 10 & 21-day moving averages plus daily momentum studies ease
21-day Bollinger bands gently expand - daily charts show a downside bias
0.6627 200-day moving average and 0.6622 September low are major support
Close below 0.6620 would target 0.6575 0.618% of the Aug/Sep rise
0.6804/10 should cap, the 21-day moving average and high last week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary