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TDUX
Sep 28 - 10:55 PM
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AUD/USD - Lingers Near Week-To-Date Lows Ahead Of RBA

By James Connell  —  Sep 28 - 09:35 PM

• AUD/USD -0.1% Tue; AU household spending flat in Aug (prior +1.1% m/m)

• RBA decision due 0430 GMT, 25 bps hike widely expected, statement critical

• AU Aug CPI update due Wed, Reuters poll consensus +0.5% m/m, +4.1% y/y

• Fed Governor Cook still wary on inflation; Fed rate hike bets firming

• Futures pricing now implies 70.3% chance of another Fed hike Oct 28

• Brent crude +1.2% in Asia as lack of genuine U.S.-Iran progress continues

• AUD targeting 0.6920 support, break above 0.7066 100-DMA may turn narrative

• Range Asia 0.7009-19 support 0.6920 0.6865, resistance 0.7282 0.7661
AUD Daily 21/55/100-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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