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Oct 14 - 11:55 PM

AUD/USD - Gently Bid With Risk, Test Of September High Beckons

By Andrew M Spencer  —  Oct 14 - 10:57 PM

  • +0.05% - 0.7406-0.7425 range - light interest - positive stocks, commodities

  • Sydney to end COVID-19 quarantine for international travellers nL1N2RA34X

  • A key policy plank as Australia reopens, bringing optimism to tourist sector

  • Charts, daily momentum studies, 5, 10 & 21 day moving averages rise

  • 21 day Bollinger bands expand, which is a bullish trending setup

  • 0.7413 upper 21 day Bolli band is a good indicator of an overbought market

  • Upper Bollinger suggest buying dips rather than breaks at this time

  • Uptrend initially targets a test of the September high at 0.7477

    For more click on FXBUZ


aud 2 Oct 15 Click here

Source:
Refinitiv IFR Research/Market Commentary

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