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Feb 06 - 09:55 PM

AUD/USD - Bid As Hawkish RBA Expectations Grow, Risk Resilient

By Andrew M Spencer  —  Feb 06 - 08:40 PM

  • Sydney market is looking for a 25pt hike cautiously hawkish RBA

  • RBAWATCH prices a 25pt hike at 94.46% from 91.8% late on Monday

  • Yields to peak at 3.82% in October from a 3.78% peak late Monday

  • +0.2%, as risk gently appetite resurfaces in Asia - firmer commodities

  • Stocks edge higher Nikkei +0.15%, AsiaxJP stocks +0.35%, E-mini S&P +0.25%

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

  • 21 day Bollinger bands flat line - net negative setup

  • 0.6835 lower 21 day Bollinger band is first major support

  • Resistance starts at 0.6915 New York high, then Monday's 0.6948 Sydney high

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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