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TDUX
Sep 27 - 07:55 PM
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AUD/USD - Softens As Traders Eye Grim Outlook Beyond RBA Hike

By James Connell  —  Sep 27 - 05:41 PM

• AUD/USD -0.1% Mon as sentiment continues to languish despite hawkish RBA

• RBA meeting outcome due Tue, 25 bps hike widely expected, dialogue key

• AU Aug CPI update due Wed, Reuters poll consensus +0.4% m/m, +4.0% y/y

• Resolution of U.S.-Iran war no closer, deep divisions hampering negotiation

• Break below 0.7025 200-DMA sets scene for move toward 0.6920 support zone

• U.S. Aug durable goods beat expectations Fri at 0.0% m/m (poll -0.4% m/m)

• Range Asia 0.7008-205 support 0.6920 0.6865, resistance 0.7282 0.7661
AUD Daily 21/100/200-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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