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Sep 05 - 07:55 PM

AUD/USD - Opens Firmer, RBA Outlook Changed Yield Expectations

By Andrew M Spencer  —  Sep 05 - 07:15 PM
  • Steady early after closing up 0.25% with the U.S. dollar off 0.2%

  • Thursday's RBA Governor Bullock's hawkish outlook changed expectations

  • RBAWATCH prices a Dec 10 cut at 13.8bp from 21.27bp at last Friday's close

  • The RBAs stance is contrary to the dovish Fed and ECB - should support AUD

  • Charts, 21-day Bolli bands contract, 5, 10, and 21-day moving averages coil

  • Daily momentum studies crest - mixed signals as the uptrend hangs in

  • Wednesday's 0.6749 high then Tuesday's 0.6792 top are initial resistance

  • Close below the 0.6715 21-DMA and Wednesday's 0.6685 base would be bearish

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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