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Feb 21 - 09:55 PM

AUD/USD - Risk And The USD Lead, Positive Short-Term Charts

By Andrew M Spencer  —  Feb 21 - 07:15 PM
  • Steady after closing up just 0.05% with the U.S. dollar 0.05% lower

  • No significant tier 1 data or RBA events, so risk appetite and the USD lead

  • 10% surge in Nvidia after the close in NY may underpin risk appetite in Asia

  • Charts; an inside day with a touch higher close leaves charts intact

  • 5, 10 & 21-day moving averages coil, 21-day Bollinger bands contract

  • Daily momentum studies climb - mixed signals show little short-term bias

  • Close above the tested 0.6537 21-DMA targets 0.6619 upper 21-day Bolli band

  • Wednesday's 0.6572 Sydney high and NY 0.6534 low initial support, resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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