By Andrew M Spencer — Mar 02 - 07:20 PM
Steady after falling 0.45% - USD led as inflation fears forced UST yields up
Asia likely take Wall Street's positive lead supporting risk appetite
ASX 200 +0.35%, E-mini S&P -0.15% - mixed messages suggest range trading
Charts; momentum studies conflict, while 21 day Bollinger bands contract
10 and 21 day moving averages head lower - setup remains bearish
AUD has traded a 0.6695-0.6782 range this week which looks set to hold
Break above 0.6779 10 day moving average would be positive for next week
Sustained break of 0.6664, 50% 2022-2023 rise would trigger next leg south
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary