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Oct 22 - 09:55 PM

AUD/USD - Blips Higher; AUD/NZD Bought On Benign NZ CPI

By Krishna K  —  Oct 22 - 07:40 PM
  • AUD/USD well bid in early Asia, rallies 0.2%; traders cite AUD/NZD demand

  • Weak NZ inflation prompts talk of more RBNZ stimulus, prompts cross buying

  • AUD/NZD fall of 2.2% since Oct 8 had led to perception decline overextended

  • Recovery potential limited as RBA dovish expectations remain entrenched

  • Traders brace for crucial U.S. presidential debate Friday nL1N2HD0U2

  • AUD/USD resistance 0.7135-40, 0.7155-60, support 0.7105-10, 0.7080-85

  • AUD/NZD resistance 1.0690-1.0700, 1.0730-40, support 1.0660, 1.0630

  • For more click on FXBUZ


AUD NZD Click here

Source:
Refinitiv IFR Research/Market Commentary

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