By Andrew M Spencer — Oct 16 - 07:10 PM
Steady early after closing down 0.55% with the U.S. dollar up just 0.25%
Commodities firmed - AUD & NZD selling began in Europe after weak NZ CPI
Today's Australian jobs lead event risk after the strong September reading
RTRS poll employment +25k, participation rate 67.1%, unemployment rate 4.2%
Charts; 5, 10 & 21-day moving averages fall with daily momentum studies
21-day Bollinger bands expand - daily charts show a downside bias
0.6627 200-day moving average and 0.6622 September low are major support
Wednesday's 0.6705 high and Tuesday's 0.6731 top are the first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary