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CBD Sydney: Treasurer Josh Frydenberg is a speedbump not a stop sign in MP Tim Wilson s crusade for super for home loans
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How much BT is charging in super fees
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Lump sums not so super fuel for the housing debate
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Bullish AUD/USD Price Sequence Emerges on Break of Monthly Open Range
2021-02-10 15:00:00
David Song,
Strategist
Australian Dollar Talking Points
AUD/USD trades to fresh monthly highs after breaking out of the opening range for February, with recent developments in the Relative Strength Index (RSI) indicating a further appreciation in the exchange rate as it clears the downward trend established earlier this year.
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Bullish AUD/USD Price Sequence Emerges on Break of Monthly Open Range
AUD/USD carves a bullish price sequence (higher highs and lows) following the failed attempt to test the monthly low (0.7564), and the pullback from the January high (0.7820) may turn out to be an exhaustion in the broader trend rather than a change in market behavior as the Reserve Bank of Australia (RBA) appears to be in no rush to switch gears.