By Krishna K — Oct 01 - 12:40 AM
AUD/USD unchanged despite better-than-expected Australian economic data
Australia retail sales +0.7% mth-on-mth vs +0.4% expected in Reuters poll
Sept home prices rise modestly; Tue data to reinforce RBA's hawkish stance
Chances of 25bps RBA rate cut in Dec fall to 70% from 78% on Monday
Powell tempering Fed rate expectations on Monday likely to cap rally
AUD increasingly vulnerable as rally stalls despite positive cues
Inability to break resistance at 0.6949-62 likely to weigh
Support 0.6895-0.6900, 0.6865-70; Asia range 0.6908-0.6934
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Source:
Refinitiv IFR Research/Market Commentary