By Andrew M Spencer — Feb 05 - 10:20 PM
+0.05% near the top of an active 0.6885-0.6932 range on D3 - USD +0.05%
Retail sales -0.2% in Q4, against -0.6% forecast, and price growth slowed
RBA expected to hike 25bp to 3.35% at the rate decision on Tuesday
RBA's outlook will be key for the AUD after strong CPI but soft retail sales
Charts; Friday's fall turned daily charts negative, momentum studies slide
5, 10 & 21 DMAs crest or fall, while 21 day Bollinger bands contract
Initial support comes in at the 0.6845 lower 21 day Bollinger band
Resistance starts at 0.6932 Sydney high, then 0.6999 21 DMA
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary