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Oct 06 - 01:55 AM

AUD/USD - Bid In Asia - Risk, USD Pivotal After US Payrolls

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

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