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Oct 17 - 01:55 AM

AUD/USD - Gets A Boost From Hawkish RBA Minutes

By John Noonan  —  Oct 16 - 11:35 PM
  • AUD/USD opened +0.71% @ 0.6342 as USD broadly weakened and stocks rallied

  • After a quiet start, the AUD/USD popped up to 0.6360 on hawkish RBA minutes

  • RBA considered hiking and are concerned inflation isn't easing fast enough nS9N38X01V

  • RBA minutes confirms November meeting will be live

  • The Aus Q3 CPI next week will now be a key event for the RBA

  • AUD/USD settled around 0.6355 heading into the afternoon

  • AUD/NZD rose 0.60% as softer NZ CPI contrasted with hawkish RBA minutes nL1N3BM32A

  • AUD/USD resistance is at the 10-day MA at 0.6363 and 21-day MA at 0.6385

  • Support is at the double-bottom and 2023 low at 0.6286

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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