eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• AUD/USD +0.5% wtd, traders reluctant to pursue serious downside test
• Pair has failed attempts to break cleanly below 52-WMA (currently 0.6947)
• Futures pricing implies 69.5% chance that RBA will hold OCR steady in Nov
• Fears of U.S. tech stock meltdown ebbs for now, Nasdaq finishes +1.1% Mon
• Brent crude -0.4% despite widening Houthi attacks on Saudi infrastructure
• RBA Deputy Governor Andrew Hauser speaks at Citi investment conference Wed
• Range Asia 0.6979-865 support 0.6865 0.6834, resistance 0.6988 0.7282
AUD Weekly 52-WMA
(James Connell is a Reuters market analyst. The views expressed are his own.)