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Oct 07 - 10:55 PM

AUD/USD - Dragged Lower By The NZD On Dovish RBNZ Comments

By Andrew M Spencer  —  Oct 07 - 09:10 PM
  • -0.1%, dragged lower by NZD on dovish RBNZ comments, after closing up 0.55%

  • NZD off 0.5% - RBNZ 'actively working' on negative rate funding for lending

  • Firmer stocks, E-mini S&P +0.2%, Nikkei +0.5%, AsiaxJP +0.4%, ASX200 +1%

  • Charts, momentum studies, 10 & 21 DMAs edge lower modest negative setup

  • 0.7209 - October high and 50% of the September fall is major resistance

  • NY 0.7151 high then 0.7165, 61.8% of this week's fall are first resistance

  • 0.7121 London low then this week's 0.7095 base, are initial support

For more click on FXBUZ


aud oct 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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