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Dec 16 - 09:55 PM

AUD/USD - RBA Now The Exception, But Charts Call For 0.7260

By Andrew M Spencer  —  Dec 16 - 07:42 PM

  • -0.1% after closing +0.15%, supported by a softer USD, capped by soured risk

  • UK, Australia sign deal forecast to give GBP10 BLN trade boost nL8N2T15HL

  • This week's Central bank activity nL1N2T10U5 leaves dovish RBA isolated

  • No significant data or scheduled RBA activity, so risk and USD to lead today

  • Charts; 5, 10 & 21 DMAs conflict, 21 day Bolli bands contract- neutral setup

  • Lower 21 day Bolli band rejection and close above 0.7147 21 DMA was bullish

  • Targets a test of the falling 0.7261 upper 21 day Bollinger band short term

  • NY 0.7169-0.7224 range is initial support and resistance

For more click on FXBUZ


aud dec 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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