AUD

Australian LNG strikes - still no agreement between Chevron and Unions

Former RBA Governor says changes to be made at the Bank are a disaster, "very bad policy"

• He's right. The Reserve Bank of Australia will be a dog's breakfast.

AUDUSD is the biggest mover today with a gain of 0.74%. What are the technicals saying?

• The AUDUSD is building off the lows in September. Looks toward key target at 0.65214

Australian data - Westpac Leading Index for August -0.04% m/m (prior +0.01%)

• WPAC son the upcoming RBA meeting - almost certain to hold rates steady for another month.

The AUDUSD tests the high from last week, but finds willing sellers on the first test

• The high from last weekend 0.64729 stalls the rally in the AUDUSD today.

AUDUSD Technical Analysis - Still trading in a range

• The AUDUSD pair remains stuck in a rangebound market.

AUD not a lot changed after the Reserve Bank of Australia minutes, small dribble lower

RBA Sept meeting minutes: Considered a 25bp rate hike or on hold alternatives

Reserve Bank of Australia September meeting minutes are due soon - preview

Australian Weekly ANZ Roy Morgan Consumer Confidence survey 79.8 (vs. prior 77.6)

AUDUSD test 100 hour MA. Will the buyers hold support?

• The AUDUSD bounced off 200 hour MA/50% earlier today

AUDUSD sellers are making a play to start the trading week

• The price of the AUDUSD is back below its 100-hour moving average and 38.2% of the September trading range at 0.6432 and 0.64287. Staying below is more bearish.

AUDUSD bounces off the 100 hour MA for the 3rd day in a row

• The buyers in the AUDUSD holding onto control above the 100 hour MA at 0.64307

AUDUSD Technical Analysis - Key levels in play

• The AUDUSD pair remains in a consolidation phase.

AUD/USD still caught in a consolidative phase after August fall

• The pair is up 0.5% to 0.6470 today but is still caught rangebound in the past few weeks