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TDUX
Oct 22 - 09:55 PM
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AUD/USD - Holds Solid Weekly Gain Heading Toward Weekend

By James Connell  —  Oct 22 - 08:42 PM

• AUD/USD flat Fri, but remains 1.0% wtd on firming RBA rate hike bets

• Broad risk sentiment under extreme pressure amid rising AI trade worries

• RBA Governor Bullock speech Fri, Assistant Governor Hunter interview Sun

• Futures pricing implies 59.8% chance of Nov 3 RBA hike, up from 29% Tue

• Brent crude -0.2% to $112.96 a barrel, Gold -0.1% to $4,019 per ounce

• AUD needs clean break above 0.7033 100-DMA, next target 0.7075 55-DMA

• Range Asia 0.7012-20 support 0.6865 0.6834, resistance 0.7282
AUD Daily 21/55/100-DMA


Gold & Brent Crude Oil


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

Source:
London Stock Exchange Group | Thomson Reuters

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