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Oct 30 - 10:55 PM

AUD/USD - Mixed Data Has Little Impact - The AUD Trends Lower

By Andrew M Spencer  —  Oct 30 - 09:00 PM
  • AUD edged 0.1% lower in a muted response to the slew of mixed data

  • Building approvals beat forecasts - 4.4% vs 3%, export/import prices slipped

  • Retail sales missed expectations at 0.1% against 0.3% forecast

  • Charts; 5, 10 & 21-day moving averages fall, 21-day Bollinger bands contract

  • Daily momentum studies ease - the bearish setup remains in place

  • Wednesday's 0.6537 low then 0.6477 0.786% of the Aug-Sep rise first support

  • A sustained 0.6477 break would target a test of the 0.6348 August base

  • 0.6621 10-day moving average, then the 0.6683 21-DMA are first resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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