• Traded +0.5% with resilient risk into the RBA - and +0.2% after

• Guardedly upbeat outlook, does not expect to hike rates before 2024

• Extended bond buying program by another A$100 billion nRBA

• In Dec GDP 5% 2021 and 4% forecast for 2022, now 2021 3.5% and 2020 3.5%

• Unemployment was 7% and 6% 2022, now 6.6%, 6% in 2021 and 5.5% in 2022

• WPI inflation was 1.4%, forecast 1% in 2021, 1.5% 2022, now 1.25% and 1.5%

• Techs; momentum studies head lower, 5, 10 & 21 DMAs slip - negative setup

• Chart suggests a move towards 0.7502, 38.2% Nov-Jan rise is viable

• Close above 0.7719 21 daily moving average would end downside bias

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