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TDUX
Nov 03 - 04:55 PM
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AUD/USD - Softens As US Congress Shakeup Looms

By James Connell  —  Nov 03 - 04:02 PM

• AUD/USD -0.5% from Tue 0.70035 high, market focus on U.S. midterm elections

• RBA to remain reactive to data in wake of Tue's widely expected hike

• AU Sep and Q3 household spending due 0030 GMT (prior +0.0% m/m, +0.7% q/q)

• RBA Deputy Governor Andrew Hauser speaking at ANU Canberra Thur

• U.S. & Iran remain far apart on potential peace deal as hostilities continue

• AUD finding support near 0.6966 52-WMA, clean break would invigorate bears

• Overnight range 0.6962-97 support 0.6865 0.6834, resistance 0.7140 0.7282
AUD Weekly 52-WMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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