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ridethepig | Australian Yields for the Yearly Close📌 @ridethepig AU02Y Market Commentary 18.12.2020 This position which arises after the telegraphed breakout from the 10Y and thus creates space for the front end. A typical manoeuvre for the AU and NZ yields: The analysis of the starting position shows us that the control now exists on the bid; because we know that it is the path of least resistance, so the rule is; when the market is strong we are buyers and when weak, we are sellers. The AUD which is being "flanked" from all sides (FED, RBNZ et al) now has commodity shortages entering into play to put the cherry on top. Remain bid AUD for as long as possible; maintain contact with commodities for this cycle. Thanks for keeping the feedback coming 👍 or 👎
TVC:AU02YLong
by ridethepig
AUDUSD eyeing its 4th consecutive day of gainsThe AUDUSD is up three consecutive days and is eyeing to make this four. Risk sentiment improving is on the side of the AUD, but some strong technical indicators will be watched by traders over the trading day. Support levels have lined up nicely with some psychologically levels, which may determine some short term trends in the pair. On the fundamental side, Australian inflation expectation figures are due tomorrow afternoon, but not before the Reserve Bank of Australia's Governor Philip Lowe speaks about the banks revised inflation outlook and how patient they will be to ensure a lasting recover.
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by BlackBull_Markets