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Oct 02 - 02:36 AM
AUD/USD - Dust Settles After The RBA, Remains Heavy
First appeared on eFXplus on Oct 01 - 11:35 PM
  • Trades +0.2% in a 0.6699/0.6717 range - bargain hunting and exporters

  • AUD/JPY +0.25%, Nikkei -0.7%, AsiaxJP -0.7%, but E-mini S&P +0.2%

  • Dec RBA 25pt cut priced at 68.84% from 61.8% late yesterday in OIS

  • Bearish outside day yesterday needs a close below 0.6672 to validate

  • 5, 10 & 21 daily weekly and monthly MAs track south - trending setup

  • Decade 0.6672 NY low supports then nothing until 0.6263 76.4% 2001/2011 rise

  • 0.6724, 50% yesterday's fall - 0.6736/39 61.8% & prior range low resistance

aud 2 oct 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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