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  • Overall quiet reaction from $AUDUSD to the #RBA rate decision Most notable update likely has to do with them letting the markets know that they could do more adjustments to bond purchases given rising yields But that may have already been priced in... https://t.co/rol1p1WcAw
  • RBA: Bond purchases brought forward this week to assist market -BBG #RBA
  • RBA: Lending conditions remain sound, important to remain so. Committed to 3-year target, will continue buys as needed -BBG
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  • RBA: Wage and price pressures expected to remain subdued, does not expect conditions met to raise rates until 2024. Economy still has considerable spare capacity -BBG #RBA $AUDUSD
  • RBA leaves 3-year yield target unchanged at 0.1% -BBG
  • 🇦🇺 RBA Interest Rate Decision Actual: 0.1% Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-03-02
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/AnwvjoT15Y
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Gold: -0.91% Oil - US Crude: -1.47% Silver: -2.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/hZiyf9sKbK
Trading Video: Dow, Yen Crosses, AUDUSD...So Much Break Potential

Trading Video: Dow, Yen Crosses, AUDUSD...So Much Break Potential

John Kicklighter, Chief Strategist

Talking Points:

• A number of markets and currency pairs are leaning on key technical levels

• There is a fundamental connection to this wide range of assets: investor sentiment

• As sentiment makes a concerted but measures shift towards decline, gauging conviction is key

Sign up for DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

The Dow Jones Industrial Average is increasing the pressure on trendline that has forged support for multiple years. This isn't the only heavily traded benchmark testing or breaking support. EURJPY, AUDUSD, EURUSD and many others are in a similar position. After a 2014 of restrained volatility and market swings, the trade potential is tantalizing. And, unlike so many false starts recently, underlying conditions are staging the necessary circumstances for true material follow through via speculative repositioning. Which markets and pairs are more immediately marked for the break? Are there breaks that can still happen before the fast approaching weekend? What will signal a systemic change? We discuss all of this in today's Trading Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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