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Oct 20 - 07:55 PM

AUD/USD - Firmer As The USD Eased - Risk Appetite Key In Asia

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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