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Oct 02 - 12:12 AM
AUD/USD - Dovish RBA Expectations Enhance The Downtrend
First appeared on eFXplus on Oct 01 - 09:40 PM
  • +0.1% - USD led in a low key session - very light Asian data schedule today

  • OIS prices a Dec RBA 25pt cut at 68.84% from 61.8% late yesterday afternoon

  • Dovish RBA expectations build - charts lead in the absence of fundamentals

  • Major bearish outside day yesterday needs a close below 0.6672 to validate

  • 5, 10 & 21 daily weekly and monthly MAs track south - strong bearish setup

  • Decade 0.6672 low in NY - 0.6263 is next major support, 76.4% 2001/2011 rise

  • 0.6724, 50% yesterday's fall; 0.6736/39 61.8% & prior range low resistance

aud oct 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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