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Oct 25 - 10:55 PM

AUD/USD - Testing Key Support After RBA Bullock Sounds Less Hawkish

By John Noonan  —  Oct 25 - 08:45 PM
  • AUD/USD traded down to 0.6285 and is currently trading just below 0.6295

  • RBA Governor Bullock comments on Wednesday's CPI relatively calm nL1N3BV3TG

  • Bullock said the RBA still considering if the CPI warranted a rate rise

  • The risk off mood in Asia also weighing on AUD with E-minis down 0.40%

  • The 0.6285/0.6300 support window has held dips 7 out of last 15 trading days

  • A clear break below 0.6385 targets the 2022 trend low at 0.6170

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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