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Feb 08 - 11:55 PM

AUD/USD - Bid With Risk, As Yield Expectations Rise

By Andrew M Spencer  —  Feb 08 - 10:20 PM

  • +0.4%, trades near the top of a low key 0.6921-0.6952 range on D3

  • AUD bid with risk, E-mini S&P +0.2%, Nasdaq e-mini +0.35%, firm commodities

  • RBAWATCH prices yields to top out in Oct at 4.07% from 4.01% Wednesday

  • RBA forecasts in the Statement on Monetary Policy major event risk tomorrow

  • Charts; mixed momentum studies, 5, 10 & 21 day moving averages conflict

  • 21 day Bollinger bands contract - mixed signals leave a neutral setup

  • Resistance starts 0.6996 London high, then 0.7003 21 day moving average

  • Sydney 0.6921 low and 0.6854 lower 21 day Bollinger band major supports

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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