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Sep 23 - 08:55 AM

AUD/USD - RBA Expectations, Commodities Put Big Support In Play

By Christopher Romano  —  Sep 23 - 07:30 AM
  • Equities buoyed but copper HGv1, iron-ore DCIOc2 trade down

  • RBA cut expectations grow, Westpac sees cut to 0.1% in Oct nL3N2GK0BM

  • AUD close to losing its yield advantage, AU-US yield spreads near zero

  • AUD/USD trades to a 1.5 month low, slide stalls short of Aug 12 daily low

  • Aug 12 & 4 lows are minor support before big 0.7060/90 structural support

  • May, July 2019 & June 2020 highs and Aug 2020 low sit in that zone

  • Break of that support targets 0.6965/70, 0.6915/25 & 0.6875/80 supports

  • For more click on FXBUZ


aud/usd Click here

AUUSINT Click here

Source:
Refinitiv IFR Research/Market Commentary

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