By Andrew M Spencer — Oct 05 - 11:30 PM
+0.15% at the top of a narrow 0.6365-0.6381 range - quiet into US payrolls
RBA sees risks mounting in global markets, and the China property sector
Australia's economy is well-placed to weather strains in global markets
Techs; 10 & 21-day moving averages slip, as 21-day Bolli bands flat line
A modest negative setup targets another test of this week's 0.6286 base
Strong resistance at 0.6510/20, multiple daily highs, and 38.2% Jul/Oct fall
Sydney 0.6365 low and 0.6404 21-day moving average first support/resistance
Large close strikes 0.6350 722mln, and then 0.6380-0.6400 5.559 BLN
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary