Hello, subscribers! Great to see you all.
Please share your personal opinions in the comments, and don’t forget to like and subscribe!
Key Points
- U.S. presidential election has begun, and early counts show Trump with a slight lead.
- The dollar rose on perceptions that Vice President Harris held a narrow advantage in the final moments.
- Forecasts from The Hill and DDHQ place Trump’s chance of winning at 54%.
- The Reserve Bank of Australia kept its policy rate steady at 4.35%, citing persistently high core inflation.
Upcoming Economic Events
- U.S. presidential election underway
- Bank of England rate decision on November 7
- FOMC regular meeting on November 8
AUD/USD Chart Analysis
AUD/USD is currently around the 0.66000 line. Previously, it was expected to decline to the 0.64000 level due to a strong downward trend. However, with the RBA’s rate hold and the dollar’s slight weakening, we are seeing a mild upward movement. Due to the influence of the U.S. election, market direction remains uncertain. If the price breaks upward, we’ll set 0.69000 as the high point; if it trends downward, 0.64000 will be the low point. Should either of these points be breached, we’ll quickly establish a new strategy.