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Oct 31 - 01:55 AM

AUD/USD - Recovers From Early Dip Ahead Of RBA Decision

By John Noonan  —  Oct 30 - 11:40 PM
  • AUD/USD eased to 0.6390 at the open when USD firmed on WSJ article

  • Article suggested hawkish Fed will keep rates higher for longer

  • AUD/USD recovered on AUD/JPY buying out of Tokyo

  • Weaker than expected China PMI had little impact on the AUD/USD nAZN0ORDR4

  • Heading into the afternoon the AUD/USD was just below session high at 0.6425

  • RBA meets tomorrow and expected to hike 25 BPs but 50 BPs will be debated nL4N31W03V

  • AUD/USD support at the 10-day MA at 0.6373 and 21-day MA at 0.6364

  • Key resistance is at 38.2 of Aug/Oct drop at 0.6539

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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