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TDUX
Nov 04 - 04:55 PM
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AUD/USD - Firms In Wake Of US Midterm Elections

By James Connell  —  Nov 04 - 03:39 PM

• AUD/USD +0.8% from Thur 0.69541 low after Democrats win control of Congress

• Brent crude -8.0% amid speculation that result may hasten end of Iran war

• DXY -0.3%, UST yields decline, gold surges 3.4%, and U.S. equities firm

• RBA Deputy Governor Andrew Hauser speaking at ANU Canberra Thur

• Futures pricing implies 91.2% probability RBA will stand pat on OCR in Dec

• AUD 0.7140 resistance a bridge too far, sideways consolidation likely

• Overnight range 0.6978-0.7022 support 0.6865, resistance 0.7140 0.7282
AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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