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The RBA bought bonds worth $ 4 billion Monday morning - twice its regular purchase - in an effort to curb rising bond yields.
The Australian dollar has shown resistance to the gloomy China PMx data of Caixin. The Caixin China Manufacturing PMI fell to 50.9 in February from 51.5 January, surpassing expectations for 51.4.
AUD / USD has stopped weakening for 2 days in a row and has found support at the 55-EMA at 0.7673.
5-DMA has changed, Stochs and RSI bias is lower and Bearish Divergence on RSI and Stochs adds bearish bias.
The recovery remains limited at the 21-EMA at 0.7776. Price movements below 200H MA. Coverage for further downside.
A break below the EMA-55 will see a reversal up to the EMA-110 at 0.7515. Re-searching under 200-DMA support will open the negative side for this pair.
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