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TDUX
Oct 29 - 05:55 PM
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AUD/USD - Softens As Traders Take A Beat Ahead Of RBA Week

By James Connell  —  Oct 29 - 05:02 PM

• AUD/USD -0.5% from Thur 0.7068 high as markets recalibrate pre-RBA meeting

• Futures pricing currently implies 83.8% probability of 25 bps RBA hike Tue

• AUD break above 0.7072 55-DMA would pave way for challenge of 0.7140

• AU Q3 PPI due 0030 GMT, prior +1.3% q/q, +3.6% y/y

• Alphabet revenue miss, Amazon sales downgrade add to U.S. equity anxiety

• U.S. Sep core PCE +0.3% m/m (inline), Q3 GDP advance +3.4% y/y (poll 3.2%)

• Overnight range 0.70146-465 support 0.6865 0.6834, resistance 0.7140 0.7282
AUD Daily 21/55/100-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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