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Oct 08 - 01:55 AM

AUD/USD - Kiwi Driven Intraday - Risk And The USD To Lead

By Andrew M Spencer  —  Oct 07 - 11:35 PM
  • Touch softer in a 0.7124-0.7143 range - plenty of volume - NZD & AUD/NZD led

  • Knee jerk NZD dip from 0.6575 to 0.6547, dovish comment from RBNZ official

  • RBNZ 'actively working' on negative rate funding for lending programme

  • AUD and NZD dips proved short lived - price action likely algorithm driven

  • Charts, momentum studies, 10 & 21 DMAs edge lower modest negative setup

  • 0.7209 - October high and 50% of the September fall is major resistance

  • NY 0.7151 high then 0.7165, 61.8% of this week's fall are first resistance

  • 0.7124 Asian low then 0.7121 London base are initial support

For more click on FXBUZ


aud 2 oct 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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