AUDUSD focus on RBA interest rate decision

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AUDUSD focus on RBA interest rate decisionAUSTRALIAN DOLLAR VS US DOLLARTRADENATION:AUDUSDTradeNationMarkets will focus on the RBA interest rate decision, US labour market data and a busy corporate earnings calendar. Economic data: The main US releases are the September JOLTS job openings report and factory orders, providing further insight into labour market conditions and business activity. October vehicle sales will also offer a snapshot of US consumer demand. Elsewhere, attention will turn to Swiss inflation, New Zealand employment figures and Japan's monetary data. Central banks: The RBA interest rate decision is the main event, with markets watching for clues on the outlook for Australian monetary policy. ECB officials, including Nagel, and Bank of Canada Governor Macklem will also speak, potentially providing further guidance on interest rates and inflation. Corporate earnings: A busy earnings session includes AMD, Pfizer, Shopify, Booking Holdings, Ferrari, Amgen, Arista Networks, Eaton and Block. AMD will be particularly important for technology and AI sentiment, while Booking and Ferrari will provide insights into consumer demand. Investors will also monitor updates from the energy, pharmaceutical and financial sectors. Overall market view: The main drivers today are likely to be the RBA decision, US labour market conditions and corporate earnings. Technology stocks, particularly AMD, could influence broader equity market sentiment, while central bank commentary may drive currency and bond market volatility. Key Support and Resistance Levels Resistance Level 1: 0.7035 Resistance Level 2: 0.7065 Resistance Level 3: 0.7100 Support Level 1: 0.6950 Support Level 2: 0.6920 Support Level 3: 0.6900 The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.