Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 22 - 08:36 PM
AUD/USD - Retreats From Major Resistance, But Positive Setup
First appeared on eFXplus on Oct 22 - 07:05 PM
  • Flat early after closing -0.15%, as the GBP led the USD higher

  • There is no data, but Tokyo return from holiday, which may generate flow

  • With little fundamental or event lead, the focus swings to the charts

  • Momentum studies, 5, 10 & 21 DMAs head higher - positive setup

  • Major 0.6875/80 resistance, cloud top & 50% Jul/Oct fall cap

  • Above this is the 0.6895 September high - news needed to break 0.6900

  • NY 0.6851/0.6869 range is initial support/resistance

aud oct 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!