AUD traders will be keenly watching the Q3 GDP data today at 0030GMT and the RBA’s deputy governor’s speech that follows for further clues in interest rate hikes. AUDUSD slipped over 100 pips overnight after the RBA’s statement yesterday coupled with the Fed’s hawkish tone. There will be demand in the low 90c area, but heavy offers towards 9120 should keep the pressure on.
Once again, Im a seller on rallies for the eventual push to 8940-50 zone. Expect 9020 to hold first time on the back of some AUDJPY buyers…. 9020 – 9070 my morning range.
