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Nov 02 - 01:55 AM

AUD/USD - At Breaking Point; Tension Builds Before US Election

By Ewen Chew  —  Nov 02 - 12:10 AM
  • AUD/USD cracks the 0.7000 psych barrier briefly, touches 0.6996

  • Major uncertainty swings AUD/USD back down before US election

  • Probable easing by Reserve Bank of Australia on Tues adds weight

  • But that could be mostly priced in by traders already nL4N2HO064

  • Real risk ahead is a contested result from US presidential election

  • AUD/USD stays bearish in Bollinger downtrend channel on close below 0.7450

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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