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Oct 01 - 01:55 AM

AUD/USD - Soft In A Subdued Start For October Risk Appetite

By Andrew M Spencer  —  Sep 30 - 11:50 PM

  • Touch softer, towards the base of a busy 0.7219-0.7241 range

  • Risk appetite cooled on U.S. infrastructure bill delay nL1N2QW1IP

  • Stocks slide, E-mini S&P -0.5%, ASX 200 -2.1% and Nikkei -2%

  • No RBA hike at least until 2024 on listless wages - poll nL4N2QV3U2

  • Charts; 5, 10 & 21 daily and weekly moving averages head south

  • 21 day Bollinger bands head lower - bearish trending setup

  • Initial target is a test of the 0.7106 August and 2021 base

  • Close above 0.7303 21 DMA needed to end downside bias

For more click on FXBUZ


aud 2 Oct 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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