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Feb 05 - 08:55 PM

AUD/USD - Softens As U.S. Stock Futures Cap Sentiment

By Andrew M Spencer  —  Feb 05 - 06:50 PM

  • -0.1%, supported by AUD/JPY +0.4% - potential dove Amamiya as BOJ governor

  • Q4 retail sales lead Australian event risk - poll expects a 0.6% fall

  • Risk sold and USD jumped after gangbuster U.S. jobs Friday - AUD slid 2.2%

  • U.S. stock futures cap AUD intraday, E-mini S&P -0.25%, Nasdaq E-mini -0.3%

  • Charts; Friday's fall turned daily studies negative, momentum studies slide

  • 5, 10 & 21 DMAs crest or fall, while 21 day Bollinger bands contract

  • Initial support comes in at the 0.6844 lower 21 day Bollinger band

  • Resistance starts at this morning's 0.6932 high

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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