By Christopher Romano — Oct 13 - 08:40 PM
Amends subscriber codes and sign-off
Trades -0.2% with the U.S. dollar up 0.2% as markets wait for China to open
Weekend China stimulus message was short on details - market response?
No major scheduled Aus data or RBA events, so risk and the USD lead AUD
Australian jobs on Thursday is the only significant AUD data this week
Charts; daily momentum studies ease, with 5 and 10-day moving averages
21-day Bollinger bands gently contract - overall a modest downside bias
0.6719 55 DMA and 0.6716, 0.382% of the Aug-Sep rise resilient support
Major resistance at 0.6810 - high last week & 21-day moving averageFor more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary