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