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Oct 29 - 01:55 AM

AUD/USD - Recovers From Overnight Swoon But Upside Limited

By Krishna K  —  Oct 29 - 01:15 AM
  • AUD/USD recovers some ground in Asia as Wall Street futures stabilize

  • Pair rallies 0.25% after sharp 1.2% o/night drop on burgeoning risk aversion

  • Position squaring dominates ahead of RBA, U.S. election on November 3

  • Growing doubts on "blue wave" in election, U.S fiscal stimulus delay to cap

  • Opinion polls show Trump closing in on Biden in key states nL1N2HJ1VE

  • ECB policy decision 1245 GMT, news conference 1330 GMT, U.S. GDP eyed Thurs

  • Strong support at 0.7005-20; resistance 0.7085-90, 0.7105-10

  • For more click on FXBUZ


S&P 500 rallies predict U.S. presidential elections: Click here

One for the history books: Click here

Source:
Refinitiv IFR Research/Market Commentary

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