AUDUSD TECHS: Bullish Short-Term Conditions
Oct-30 08:09
- RES 4: 0.6707 High Sep 17 and a bull trigger
- RES 3: 0.6660 High Sep 18
- RES 2: 0.6644/46 76.4% of the Sep-Oct bear leg / 2.0% 10-dma Env.
- RES 1: 0.6618 High Oct 29
- PRICE: 0.6578 @ 08:08 GMT Oct 30
- SUP 1: 0.6544 50-day EMA
- SUP 2: 0.6493 Low Oct 24
- SUP 3: 0.6440 Low Oct 14
- SUP 4: 0.6415 Low Aug 21 / 22 and a key key support
A bull cycle in AUDUSD remains intact and this week’s climb reinforces current conditions. The break higher signals scope for gains towards 0.6629, the Sep 30 and Oct 1 high. Clearance of this level would strengthen the bullish condition. On the downside, support to watch lies at 0.6544, the 50-day EMA. A reversal lower and a clear break of the EMA would undermine the current bullish phase.
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MNI: GERMANY NRW SEP CPI +0.2% M/M, +2.3% Y/Y
Sep-30 08:08
- MNI: GERMANY NRW SEP CPI +0.2% M/M, +2.3% Y/Y
GERMAN DATA: State CPIs tracking marginally above national consensus
Sep-30 08:07
- Bavaria and Berlin both CPI looked a bit on the strong side with the the other states so far broadly in line with the expectations for the national side.
- But overall that means we are so far tracking 0.2-0.3%M/M and around 2.4%Y/Y.
- The consensus for national was 0.2%M/M and 2.3%Y/Y so we are tracking marginally higher.
MNI: BAVARIA SEP CPI +0.4% M/M, +2.4% Y/Y
Sep-30 08:00
- MNI: BAVARIA SEP CPI +0.4% M/M, +2.4% Y/Y
