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Refinitiv
Oct 23 - 02:36 AM
AUD/USD - Softer With Risk - Cloud Base Is Pivotal Support
First appeared on eFXplus on Oct 22 - 11:45 PM
  • -0.3%, in a 0.6834/62 range, as the soured offshore risk appetite extended

  • Light AUD volumes - AUD/JPY off 0.45% and AUD/NZD flat, likely Tokyo selling

  • E-mini S&P -0.3%, led the way, Nikkei flat after the holiday, AsiaxJP -0.7%

  • Charts - momentum studies, 5, 10 & 21 DMAs remain positive

  • Major 0.6875/80 resistance - cloud top & 50% July/October fall cap

  • 0.6821 cloud base is pivotal support - close below ends topside bias



aud 2 oct 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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