AUD/USD Targets 0.7600!

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Tom Stewarton 28/10/2021|
1 min read
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AUD/USD is grinding to the upside today, still holding above the support trendline. the 0.7600 level was last tapped as resistance on the 6th of July. Currently the zone correlates closely with the 27% Fibonacci extension level. We are looking for price to continue upside into this level.

Yesterday the AUD RBA CPI data was generally positive.

  • RBA Trimmed Mean CPI (QoQ, Q3) 0.7% actual, 0.5% consensus
  • Consumer Price Index (YoY, Q3) 3% actual, 3.1% consensus
  • RBA Trimmed Mean CPI (YoY, Q3) 2.1% actual, 1.8% consensus
  • Consumer Price Index (QoQ Q3) 0.8% actual, 0.8% consensus

The RBA’s Debelle will be speaking at 10:40 AM AEST (02:40 GMT). Debelle is the Assistant Governor at the Reserve Bank of Australia, and has been since 2007.