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
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Source:
Refinitiv IFR Research/Market Commentary