By Andrew M Spencer — May 25 - 08:35 PM
-0.2% to a fresh trend low, after closing -0.6%, as UST yields jumped
U.S. debt negotiations continue, uncertainty undermines risk appetite, AUD
Australian retail sales at 11.30 AEST, RTRS poll +0.2%, last +0.4%
Charts; 5, 10 & 21 daily and weekly moving averages track south
Daily momentum studies fall as 21-day Bollinger bands expand
Overall a strong bearish setup targets 0.6403, 76.4% 2022/2023 rise
Early Asian 0.6506 high, then 0.6535 NY top are first resistance
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Source:
Refinitiv IFR Research/Market Commentary