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