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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

AUDNZD

RBC issue new trade recommendation - their thematic trade of the week is long AUD/NZD targeting 1.0840 with a stop at 1.0540.

  • RBC write that this week brings a deluge of RBA comms, and price action around recent CB meetings shows a market that's hungry for even the most subtle normalisation story.
  • RBC see significant upgrades to the Australian growth outlook and see the RBA signalling that the scale of bond purchases would reduce in any extension of the programme.
  • Lastly, they cite the 50% retracement of the Dec-Jan AUD/NZD rally as key support going forward.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com