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TDUX
Oct 19 - 11:55 PM
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AUD/USD - Steady, Neutralized By Contradictory Influences

By James Connell  —  Oct 19 - 10:24 PM

• AUD/USD flat Tue as markets calibrate confluence of global factors

• Curfews imposed across French cities amid widespread riots and looting

• Fears of U.S. tech stock meltdown ebbs temporarily, Nasdaq ends +1.1% Mon

• Brent crude +0.2% as Middle East risk negates potential increased RU supply

• Futures pricing implies 71.0% chance that RBA will hold OCR steady in Nov

• AUD still targets 0.6865 support zone, break would entrench downside trend

• RBA Deputy Governor Andrew Hauser speaks at Citi investment conference Wed

• Range Asia 0.6971-865 support 0.6865 0.6834, resistance 0.6988 0.7282
AUD Hourly Bollinger Study & DXY Daily 55/100/200-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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