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Feb 13 - 09:55 PM

AUD/USD - Risk And The USD Lead, Amid Mixed Local Data

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

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