By Andrew M Spencer — Sep 01 - 08:00 PM
Up 0.1% early after falling 0.5% on Friday with the USD up 0.35%
Building approvals poll 2.5%, Business inventories -0.5%, profits -0.09%
Data will be significant as the housing shortage is a high-profile topic
Charts, 21-day Bollinger bands, 10 and 21-day moving averages climb
Mixed daily momentum studies at elevated levels - positive setup
The move targets 0.6871 Dec 23 high and then the 0.6900 July 23 top
Friday's 0.6752 low and then August 22nd 0.6705 base are initial supports
Uptrend stalled and a close above the 0.6824 trend high is needed soon
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary