By Andrew M Spencer — Feb 13 - 07:45 PM
+0.05% after closing +0.7%, with risk, higher Wall Street, lower UST yields
Bullish outside day a positive signal - close above 0.6973 will confirm
Feb consumer sentiment slid 6.9%, after a 5% Jan rise, as rate hikes bite
Strong NAB Jan business confidence +6 from flat, conditions +18 from +13
RBAWATCH prices a 25pt March 7 hike at 75%, rates to top out at 4.15% in Oct
Charts; mixed momentum studies, 5, 10 & 21 day moving averages conflict
Horizontal 21 day Bollinger bands - mixed signals leave a neutral setup
Resistance starts at under pressure 0.6969 10 DMA, then 0.7000 21 DMA
Monday's 0.6929 NY base then Sydney 0.6890 low initial supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary