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