Trial now
USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

AUSSIE
AUSSIE: AUD/USD continues to inch higher in recent trade, with the pair hitting
session highs at $0.6824 in recent trade. Moves coincide with the circulation of
Terry McCrann's latest Herald Sun article talking down the chances of a rate cut
in December, which markets still price in a 25.5% chance of and indicates
further room for market re-pricing. Worth recalling CBA results a few weeks ago
showed that the vast majority of 1m variable mortgage customers declined to
accept lower monthly mortgage payments in favour of retaining higher payments to
pay down debt more quickly - could indicate the lack of stimulative power of any
further RBA rate cuts. 
-100-dma becomes first resistance at $0.6838 should the strength persist.