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Feb 08 - 09:55 PM

AUD/USD - AUD On Hold, Awaiting The RBA's SOMP Friday

By Andrew M Spencer  —  Feb 08 - 07:35 PM

  • +0.05% with risk - supported by E-mini S&P and Nasdaq E-mini up 0.15%

  • RBAWATCH prices yields to top out in Oct at 3.98% from 4.01% Wednesday

  • Steady yields and no significant data suggest risk/USD to lead today

  • Markets await RBA forecasts in the Statement on Monetary Policy 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 0.7002 21 day moving average

  • This week's 0.6856 low and 0.6852 lower 21 day Bolli band major supports

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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