ANALYSIS
NQ100 Finds Support from PPIApr 14
Upward Expansion Accelerated in AUDUSD
Yesterday, with the US consumer inflation data falling to 7.7% on an annual basis in October, the expectations that the FED might take a softer tightening step in the last monetary policy meeting of the year in December put the US dollar under pressure and brought reactions to major country currencies. In addition, it is possible to say that last week, the fact that the Reserve Bank of Australia (RBA) increased the policy rate by 25 basis points to 2.85%, the highest level since 2013, continued to support parity. From this point of view, if the parity, which expanded upwards with the channel movement on the last trading day of the week, exceeds the 0.6700 level, the level of 0.6745, which will be the highest of about 2 months, can be brought to the agenda. In possible retreats, 0.6600 and then 0.6555 supports can be followed.
