By Paul Spirgel — Oct 23 - 01:35 PM
AUD$ firm into NorAm close, +0.44% at 0.6341, NorAm range 0.6345-03
Pair opened NorAm by lows, amid mounting Mideast tensions, UST yield rise
UST long-end yields slide into NY close aids AUD rise, Ackman covers short
AUD/USD downside momentum stalls, key support remains firm nL1N3BT0ZK
Support sub-0.63 remains intact despite several recent dips below 0.63
Supt 0.6286's Oct 3 low, 0.6273 Oct 28 2022 wkly low, 0.6253 lwr 30-wk Bolli
Daily bull hammer formed, may comfort longs but monthly techs lean bearish
Oct global PMIs, Australia Q2 CPI & US Oct PCE are key data risks next week
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Source:
Refinitiv IFR Research/Market Commentary