By Andrew M Spencer — Mar 02 - 10:20 PM
Up 0.15% at the mid point of a 0.6724-0.6752 range with moderate flow on D3
AUD bid on the softer U.S. dollar as Treasury yields eased 10yr -2bp 4.055%
Mixed markets, E-mini S&P -0.25%, Nikkei +1.45% and AsiaxJP stocks +0.45%
Charts; momentum studies conflict, 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 0.6780 10 day moving average would be positive for next week
Sustained break of 0.6664, 50% 2022-2023 rise would trigger next leg lower
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Source:
Refinitiv IFR Research/Market Commentary