Derived Data That Drive Results
By Andrew M Spencer — May 26 - 10:10 PM
+0.45%, bid after retail sales came in as expected at +0.9% nAZN05GLEK
Demand led by sales of holidays, and a return to cafes and restaurants
Data suggests that Australia is moving back to living pre COVID normal
Fresh 0.7135 trend high - poised below 0.7146, 38.2% of the 2022 fall
Charts; neutral momentum studies, 5, 10 & 21 DMAs base or climb
21 day Bollinger bands flat line - net a modest positive setup
Sustained 0.7150 break would target 0.7217 upper 21 day Bolli band
Asian 0.7090 low today is initial support
For more click on FXBUZ
aud 2 May 27 Click here
Source:
Refinitiv IFR Research/Market Commentary
