By Andrew M Spencer — Mar 09 - 06:35 PM
-0.05% after closing up 0.65%, with the U.S. dollar and UST yields lower
Expecting a subdued session in Asia into the often volatile U.S. jobs
Risk appetite and the U.S. dollar will likely lead intraday moves
Charts; 5, 10 & 21 DMAs track lower with 21 day Bollinger bands
Horizontal momentum studies - signals suggest base still the weak side
This week's 1.1805 low then 1.1637, 38.2% 2022-2023 rise key supports
1.1939 NY high then well tested 1.2011 21 DMA are initial resistance
Outlook remains negative while closes below the 21 day moving average
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary