AUD/USD knocked into another new ten-month peak yesterday, clocking in an intraday peak above 0.6650 for the first time since last November. The Australian Dollar (AUD) rose around three-quarters of one percent against the US Dollar (USD) for the day, bringing its latest bullish swing from its last swing low to nearly 4%.
US Consumer Price Index (CPI) inflation rose again in August, with headline CPI inflation rising to 2.9% YoY, while core CPI inflation held steady at 3.1% YoY.
US money markets have fully priced in three quarter-point rate cuts from the Federal Reserve (Fed) before the end of the year. The Fed is broadly expected to deliver an initial 25 bps rate cut at its rate meeting next week, with two more rate cuts fully priced in for the October and December Federal Open Market Committee (FOMC) meetings.
The AUD/USD is bullish in the near-term, with the 4-hour chart showing a bullish 20 Simple Moving Average (SMA) attracting buyers on dips. The SMA currently stands at around 0.6600. . The pair peaked at 0.6635 earlier this week, the immediate resistance level. Further advances expose the 0.6670 area en route to the 0.6700 mark. Support below the 0.6590 intraday low surges at 0.6550.
US Consumer Price Index (CPI) inflation rose again in August, with headline CPI inflation rising to 2.9% YoY, while core CPI inflation held steady at 3.1% YoY.
US money markets have fully priced in three quarter-point rate cuts from the Federal Reserve (Fed) before the end of the year. The Fed is broadly expected to deliver an initial 25 bps rate cut at its rate meeting next week, with two more rate cuts fully priced in for the October and December Federal Open Market Committee (FOMC) meetings.
The AUD/USD is bullish in the near-term, with the 4-hour chart showing a bullish 20 Simple Moving Average (SMA) attracting buyers on dips. The SMA currently stands at around 0.6600. . The pair peaked at 0.6635 earlier this week, the immediate resistance level. Further advances expose the 0.6670 area en route to the 0.6700 mark. Support below the 0.6590 intraday low surges at 0.6550.
The Blueberry Team
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.