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Oct 28 - 10:55 PM

AUD/USD - Firms As RBA Refrains From Buying Bonds - Rates Rise

By Andrew M Spencer  —  Oct 28 - 08:30 PM
  • Off 0.1%, recovering early losses as the RBA stays out of the bond market

  • RBA's April 2024 bond traded around 0.4% into buying window vs 0.1% target

  • RBA made no offer to buy and yields climbed to highs of 0.58%nS9N2QH002

  • Markets will be looking for fresh guidence levels at Nov 2 RBA meeting

  • Charts, 5, 10 & 21 day moving averages climb with 21-day Bolli bands

  • Positive setup below key 0.7556-58 resistance, 50% 2021 fall and 200 DMA

  • Sustained 0.7493 10 DMA break would undermine bias - 0.7409 21 DMA pivotal

  • For more click on FXBUZ

aud Oct 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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