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TDUX
Nov 03 - 11:55 PM
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AUD/USD - Softens Slightly Despite Building USD Rout

By James Connell  —  Nov 03 - 09:41 PM

• AUD/USD -0.1% Wed; Democrats ascendant in U.S. midterm elections, DXY -0.5%

• Nasdaq futures down 1.8% on fears Democratic control may pressure AI trade

• RBA Deputy Governor Andrew Hauser speaking at ANU Canberra Thur

• Futures pricing implies 92.5% probability RBA will stand pat on OCR in Dec

• Trump touts progress as Iran indicates ongoing chasm between two sides

• AUD remains clear below 0.6993 21-DMA, break back above may flip sentiment

• Range Asia 0.69611-805 support 0.6865 0.6834, resistance 0.7140 0.7282
AUD Daily 21/55/100-DMA


DXY Daily 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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