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TDUX
Oct 29 - 01:55 AM
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AUD/USD - Consolidates Higher Ahead Of Key Technical Challenge

By James Connell  —  Oct 28 - 10:47 PM

• AUD/USD flat in Asia but holding higher platform, upside potential growing

• AUD targets 0.7072 55-DMA, break would open topside toward 0.7140 resistance

• U.S. core PCE index due Thur, Reuters poll consensus +0.3% m/m, +3.1% y/y

• RBA Governor Bullock comments that inflation far too high stoking AUD buyers

• Futures pricing currently implies 79.7% probability of 25 bps RBA hike Tue

• Range Asia 0.70475-68 support 0.6865 0.6834, 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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