By Peter Stoneham — Nov 06 - 02:00 AM
Friday's clear break below the 200DMA negated the recent range
Fourteen day momentum finally flips negative, confirming drop from 0.8736
However, daily RSI remains flat and neutral
Weekly action continues to pivot the 200WMA, currently 0.8683
Weekly momentum remains positive and RSI neutral
We lean bearish but will wait for stronger signals before putting on a trade
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Source:
Refinitiv IFR Research/Market Commentary