By Content Admin — Oct 19 - 09:30 PM
Trades off 0.25%, as risk appetite slides into the weekend
Asian stocks are lower, Nikkei -0.8%, AsiaxJP -0.5%, S&P/ASX 200 -1.25%
Potential escalation in the Middle East undermines sentiment
Charts; 10 and 21-day moving averages head lower with 21-day Bollinger bands
Daily momentum studies also edge south, overall a negative setup
0.6283 October low has been resilient support and is back in view
0.6272 November 2022 base next support then the 0.6212 21st Oct 2022 low
Sydney 0.6329 high then NY 0.6357 top is initial resistance
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Source:
Refinitiv IFR Research/Market Commentary