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Nov 02 - 10:55 PM

AUD/USD - Aus Q3 Retail Sales +0.20% Q/Q As Expected

By John Noonan  —  Nov 02 - 08:40 PM
  • Aus Q3 retail sales as expected and there is no reaction in the AUD/USD nAZN1DTI8R

  • AUD/USD eased to 0.6420 before the release as USD slightly firmer early Asia

  • AUD/USD rally Wednesday-Thursday left market a bit overbought

  • Support @ the 55-day MA @ 0.6395 and 0.6360 where 10 & 21-day MAs converge

  • Reuters poll just released show 90% polled predict RBA 25 bp hike next week nL4N3C01V2

  • LSEG RBAWATCH shows market pricing in only a 56% chance of a hike

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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