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Oct 06 - 02:55 AM

AUD/USD - Bulls Lose Their Nerve As RBA Hints At Easing Ahead

By Ewen Chew  —  Oct 06 - 01:50 AM
  • AUD/USD retraced to 0.7169 from 0.7209 in wake of RBA meet

  • Slide below 20 DMA deters bulls; Ichimoku Cloud base 0.7107 attracts

  • Australia central bank held rates as expected nL4N2GS0US

  • But hinted at further policy easing; market betting on Nov QE

  • AUD/USD spiked initially on hopes for more stimulus measures

  • Government expected to unveil record spending budget nL4N2GQ27O

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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