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Feb 07 - 05:55 PM

AUD/USD - Bid On Dips As Powell Treads The Middle Path

By Krishna K  —  Feb 07 - 04:55 PM
  • AUD/USD to remain supported on dips after closing 1.1% higher on Tuesday

  • Choppy trading likely to continue, c.bank rate expectations dictate moves

  • Powell says jobs report shows inflation fight may last 'quite a bit of time'

  • Points to inflation starting to abate but acknowledges need for higher rates

  • Hawkish RBA and elevated commodity prices will continue to underpin Aussie

  • Australia hikes rates, but pause from big central banks is near

  • Asia may focus on Biden's State of the Union Address; RBA SOMP Friday

  • Resistance 0.6990-0.7000, 0.7040-50, support 0.6905-15, 0.6880-85

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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