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Sep 25 - 01:55 AM

AUD/USD - Drifts Higher As APAC Stocks Gain Ground

By Krishna K  —  Sep 24 - 11:55 PM
  • AUD/USD gains 0.2% as risk sentiment perks up in Asia; ASX 200 rises 1.2%

  • Bolstered by hopes of a compromise on U.S. stimulus package nL2N2GL1UE

  • Traders wary as technical indicators overextended after 3.3% drop this week

  • RBA rate cut bets limit upside; markets price in 60% chance of cut in Oct

  • CBA expects steady policy in Oct in contrast to calls for cut from 2 rivals

  • Support 0.7020, 38.2% of 0.6777 to 0.7413 rally followed by 0.7002, 100-DMA

  • Resistance 0.7070-80, 0.7100-10; 0.7000-0.7200 consolidation in the making?

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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