• +0.15% - slow start, after closing of 0.45% with risk appetite, soft stocks

• No scheduled AU data or RBA events, so risk appetite, U.S. dollar lead

• Despite 3yr AU yields -21 bp this week, RBAWATCH prices 25pt Feb hike at 61%

• Charts; momentum studies fall, 21 day Bollinger bands contract

• 5, 10 & 21 day moving averages conflict - neutral setup from net positive

• Thursday's 0.6948 high then this week's 0.7063 top first resistance

• Close below 0.6846/50, 50% Dec/Jan rise and 21 DMA would be bearish

• NY 0.6872-0.6923 range is initial support and resistance

For more click on FXBUZ