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Oct 13 - 10:55 PM

AUD/USD - REFILE-BUZZ-AUD/USD-Poised Above Resilient Support Into The China Open

By Christopher Romano  —  Oct 13 - 08:40 PM

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  • 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

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