By Andrew M Spencer — Feb 07 - 11:05 PM
Trades near the top of a 0.6951-0.6970 range in a low ket Asian FX session
RBAWATCH prices yields to top out in Oct at 4.01%, from 3.8% post RBA
A 50 pt RBA hike on March 7 to 3.85% is priced at 44.67%, 25pt 55.33%
Significant change in expectations makes Friday's SOMP forecasts pivotal
Charts; momentum studies slide, 5, 10 & 21 day moving averages conflict
21 day Bollinger bands contract - mixed signals leave a neutral setup
Resistance starts 0.6989 NY high, then 0.7003 21 day moving average
Earlier 0.6951 Sydney low, then 0.6886 NY low are initial supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary