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Feb 20 - 09:55 PM

AUD/USD - Wage Price Index On Expectations - AUD Edges Higher

By Andrew M Spencer  —  Feb 20 - 07:50 PM
  • Wage Price Index as expected +0.9 q/q, poll +0.9% +4.2 Y/Y vs +4.1% forecast

  • AUD/USD trades at the top of a busy 0.6548-0.6557 range so far in Asia

  • 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 0.6617 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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