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Oct 30 - 07:55 PM

AUD/USD - Opens Firmer - Retail Sales And Building Data Lead

By Andrew M Spencer  —  Oct 30 - 07:20 PM
  • +0.05% after closing up 0.2% as the USD slipped 0.15% amid Euro strength

  • A busy Australian data schedule led by building approvals and retail sales

  • Data may impact RBA rate expectations- RBAWATCH prices 25.65pt cut in May

  • Charts; 5, 10 & 21-day moving averages fall, 21-day Bollinger bands contract

  • Daily momentum studies ease - the bearish setup remains in place

  • Wednesday's 0.6537 low then 0.6477 0.786% of the Aug-Sep rise first support

  • A sustained 0.6477 break would target a test of the 0.6348 August base

  • 0.6621 10-day moving average, then the 0.6683 21-DMA are first resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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