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TDUX
Oct 19 - 09:55 PM
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AUD/USD - Remains Supported Near 52-Weekly Moving Average

By James Connell  —  Oct 19 - 08:24 PM

• AUD/USD +0.5% wtd, traders reluctant to pursue serious downside test

• Pair has failed attempts to break cleanly below 52-WMA (currently 0.6947)

• Futures pricing implies 69.5% chance that RBA will hold OCR steady in Nov

• Fears of U.S. tech stock meltdown ebbs for now, Nasdaq finishes +1.1% Mon

• Brent crude -0.4% despite widening Houthi attacks on Saudi infrastructure

• RBA Deputy Governor Andrew Hauser speaks at Citi investment conference Wed

• Range Asia 0.6979-865 support 0.6865 0.6834, resistance 0.6988 0.7282
AUD Weekly 52-WMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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