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Feb 06 - 11:55 PM

AUD/USD - Firmer With The RBA Determined To Tame Inflation

By Andrew M Spencer  —  Feb 06 - 10:50 PM

  • Trades up 0.8% with buoyant Asian stocks, commodities, E-mini S&P +0.2%

  • RBA tone - determined to get inflation under control in uncertain times

  • RBAWATCH yields to peak at 3.81 in October from 3.79% pre RBA statement

  • Powell speech tonight likely pivotal for the USD after huge U.S. payrolls

  • Charts; momentum studies slide, 5, 10 & 21 DMAs crest or fall

  • 21 day Bollinger bands flat line - recent fall leaves a negative setup

  • Resistance starts 0.6987, 5 DMA and 0.6997 21 DMA next significant levels

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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