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Oct 10 - 10:55 PM

AUD/USD - Sustains The Offshore Gain In Upbeat Asia

By Andrew M Spencer  —  Oct 10 - 09:25 PM
  • +0.05% in a tight 0.6738/0.6747 range in a low-key morning in Asia so far

  • S&P/ASX 200 is off 0.1%, Nikkei +0.57% and AsiaxJP stocks +0.4%, Brent -0.5%

  • Asia cautious on China's weekend fiscal policy details and inflation data

  • A busy night for data with UK GDP, US PPI, and a slew of Fed speakers

  • Charts; daily momentum studies ease, with 5 and 10-day moving averages

  • 21-day Bollinger bands gently contract - overall a modest downside bias

  • 0.6716, 0.382% of the Aug-Sep rise and 55 DMA is proving resilient support

  • Major resistance at 0.6802/10 - high this week, 10 & 21-day moving averages

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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