XAU/USD bears stepping in at a critical resistance zone

Financial systems globally have been resilient to a substantial shock Financial systems in Australia and internationally have been resilient to the enormous COVID-19 health and economic shock. This has enabled them to cushion the economic impact of the pandemic, supporting the recovery through new lending and measures such as loan repayment deferrals. The financial sector reforms that followed the global financial crisis greatly contributed to this positive outcome. Banks hold substantially more high-quality liquid assets and have much higher levels of capital than a decade ago. Substantial policy support from governments, central banks and other regulators has also underpinned the resilience of the financial system over the past year. Fiscal support has sustained economic activity and improved the finances of borrowers, and so loan performance, and central banks have eased monetary policy and maintained market liquidity in key debt markets. Financial regulators have also employed flexibility in the regulatory tweet at 9:39pm: RBA Financial Stability Review - Excessive borrowing risk from low rates and asset prices - Financial stability risk if incomes remain below pre-pandemic levels once government support is pulled back $AUDUSD tweet at 9:30pm: RBA: BANKS SET TO DRAW DOWN MOST OF TFF FUNDS, FACE LARGEST EVER REFINANCING TASK IN 2023/24 #News #Forex #RBA tweet at 9:32pm: RBA: COMING OUT OF THE PANDEMIC, AUSTRALIAN BANKS ARE IN A GOOD FINANCIAL SPOT.