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TDUX
Nov 03 - 08:55 PM
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AUD/USD - Steady Ahead Of US Election Results

By James Connell  —  Nov 03 - 07:37 PM

• AUD/USD flat Wed as markets wait for U.S. midterm election results

• AU household spending: Sep +0.6% m/m (prior +0%), Q3 +0.7% q/q (prior +0.7%)

• Trump talks-up progress as Iran indicates ongoing chasm between two sides

• RBA Deputy Governor Andrew Hauser speaking at ANU Canberra Thur

• Futures pricing implies 94.4% probability RBA will stand pat on OCR in Dec

• AUD breaks clear below 0.6993 21-DMA, bearish sentiment set to extend

• Range Asia 0.69611-735 support 0.6865 0.6834, resistance 0.7140 0.7282
AUD Daily 21/55/100/200-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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