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TDUX
Oct 08 - 10:55 PM
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AUD/USD - Grinds Higher, But Topside Extension Unlikely

By James Connell  —  Oct 08 - 09:14 PM

• AUD/USD +0.1% Fri, traders recalibrating as bond anxiety temporarily abates

• Pair trading near upper hourly Bollinger band, looks overbought short term

• AUD firmly stuck in month-long downtrend, 0.6865 support the next target

• RBA Sep meeting minutes due for release Tue, will be heavily scrutinized

• Hurricane Isaias shutters some U.S. oil production, WTI +0.5% in Asia

• Trump rules out fresh attacks on Iran in lead up to U.S. midterm elections

• Range Asia 0.69575-67 support 0.6865 0.6834, resistance 0.7052 0.7282
AUD Hourly Bollinger Study & DXY Daily 55/100/200-DMA


AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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