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TDUX
Sep 30 - 07:55 PM
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AUD/USD - Retains Downside Bias Despite Cooling Fed Hike Bets

By James Connell  —  Sep 30 - 06:16 PM

• AUD/USD -0.7% from Wed 0.6995 high, looks set to challenge 0.6920 support

• U.S. Aug PCE +3.4% y/y (poll +3.7%), including a downward revision for Jul

• Futures pricing now implies chance of Oct 28 Fed rate hike slips to 37.1%

• AU trimmed mean CPI stuck at 3.6% 3-months on end will stoke RBA hawkishness

• AU Aug balance on goods due Thur, Reuters poll consensus 2 bln surplus

• AUD break below 0.6920 would open door on series of technical support levels

• Overnight range 0.69425-88 support 0.6920 0.6865 0.6834, resistance 0.7282
AUD Daily 21/55/100-DMA


DXY Daily 55/100/200-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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