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TDUX
Oct 25 - 11:55 PM
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AUD/USD - Holds High Ground Ahead Of Central Bank Meetings

By James Connell  —  Oct 25 - 10:38 PM

• AUD/USD flat Mon, but +1.9% from 0.68945 mtd low on firming RBA hike bets

• WTI -1.9% Mon but still elevated on supply concerns, gold near 3-month lows

• AU Q3 CPI release due Wed, Reuters poll consensus 1.3% q/q, +3.9% y/y

• FOMC outcome and accompanying dialogue Wed will be heavily scrutinised

• AUD likely to encounter sellers between 0.7033 100-DMA & 0.7053 200-DMA

• Range Asia 0.7027-395 support 0.6865 0.6834, resistance 0.7053 0.7282
Gold Daily 21-DMA


AUD Daily 21/100/200-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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