By Andrew M Spencer — Oct 20 - 07:05 PM
+0.05% early after closing up 0.15% with the U.S. dollar off 0.25%
No AUS data - RBA's Andrew Hauser will speak at the CBA 2024 conference
Risk appetite to lead AUD - China's LPR expecting rate cuts lead sentiment
Risk appetite and the U.S. dollar will likely lead AUD/USD in Asia
Charts; 5, 10 & 21-day moving averages fall, mixed daily momentum studies
21-day Bollinger bands expand - daily charts retain a downside bias
0.6627 200-day moving average and 0.6622 September low are major support
0.6716 10-DMA is under pressure - break targets last week's 0.6793 high
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Source:
Refinitiv IFR Research/Market Commentary