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Oct 01 - 08:36 PM
AUD/USD - Tepid Bounce Warns Of More Falls To Come
First appeared on eFXplus on Oct 01 - 06:40 PM
  • AUD/USD claws back some ground after diving to 0.6672 on RBA's dovish cut

  • Reprieved by general DXY weakness as US data disappoints nL2N26L0OS

  • Probability of RBA cut in Nov rises to 64% RBAWATCH, limits bounce

  • Risk sentiment deteriorates on fears of global recession, likely to cap rise

  • Focus shifts to US jobs data Fri as probability of Fed easing increases too

  • Further deterioration in US economic outlook will slow AUD fall nL2N26M0VS

  • Support 0.6670, 0.6650, resistance 0.6730-40, 0.6775-80 ( strong )


ISM export orders Image: Click here

Source:
Refinitiv IFR Research/Market Commentary

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