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Feb 20 - 10:55 PM

AUD/USD - Bid With Commodities - Closed Above Key Resistance

By Andrew M Spencer  —  Feb 20 - 10:20 PM
  • Trades up 0.2% at the top of an at times busy 0.6548-0.6566 range on D3

  • AUD edged up after the Wage Price Index data, which was strong, as expected

  • RBAWATCH prices 20.15pt cuts in August from 16.8pt at Friday's close

  • Asia mixed - Nikkei -0.45%, AsiaxJP +0.35%, SSEC +1.5%, firm commodities

  • Charts; 5, 10 & 21 day moving averages coil, 21-day Bollinger bands contract

  • Daily momentum studies climb - mixed signals show little short-term bias

  • Close above the tested 0.6539 21-DMA targets 0.6619 upper 21-day Bolli band

  • Tuesday's 0.6521 Sydney low and 0.6579 NY high initial support, resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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