Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Technical Analyst, Saxo Bank
AUDUSD spiked higher to the 0.786 retracement at 0.6584 and the 100 daily Moving Average but was rejected.
The strength indicator RSI also tested the 60 threshold in the process but faced rejection. A daily close above is necessary for AUDUSD to establish a bullish trend.
AUDUSD seems likely to resume its downtrend, and a daily close below 0.6485 could fuel a sell-off down to test support at 0.6360 once again