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• AUD/USD -0.5% from Thur 0.7068 high as markets recalibrate pre-RBA meeting
• Futures pricing currently implies 83.8% probability of 25 bps RBA hike Tue
• AUD break above 0.7072 55-DMA would pave way for challenge of 0.7140
• AU Q3 PPI due 0030 GMT, prior +1.3% q/q, +3.6% y/y
• Alphabet revenue miss, Amazon sales downgrade add to U.S. equity anxiety
• U.S. Sep core PCE +0.3% m/m (inline), Q3 GDP advance +3.4% y/y (poll 3.2%)
• Overnight range 0.70146-465 support 0.6865 0.6834, resistance 0.7140
0.7282
AUD Daily 21/55/100-DMA
(James Connell is a Reuters market analyst. The views expressed are his own.)