By John Noonan — Oct 24 - 05:50 PM
AUD/USD opens +0.33% after AUD gained against all major currencies
Higher commodities and hawkish comments from RBA Governor Bullock nL1N3BU0TUnS9N38X023
Key Q3 Aus CPI out today and will likely shape RBA expectations
Focus on weighted & trimmed mean CPI -both expected to come in at +5.0% Y/Y
A hotter than expected outcome may convince RBA to hike on Nov 7
AUD/USD resistance @ 55-day MA @ 0.6406- break would confirm bottom in place
Support at 10-day MA at 0.6334 and yesterday's 0.6332 low
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary