By Andrew M Spencer — Oct 21 - 06:50 PM
Steady after closing down 0.7% with the USD +0.5% as Treasury yields jumped
U.S. yields climbed as markets re-priced the impact of recent strong US data
Markets expect 25pt Fed cuts in November and December, but not 50pt cuts
There is no Aus data or RBA events, so risk appetite and the USD to lead AUD
Charts; 5, 10 & 21-day moving averages fall, daily momentum studies slip
21-day Bollinger bands expand - daily charts retain a downside bias
0.6702 10-DMA caps, then last week's 0.6793 high are first resistances
0.6627 200-day moving average and 0.6622 September low are initial supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary