AUDUSD || Update

Key Points

U.S September Consumer Prices increase 2.4% from year earlier — previous 2.5%
Core prices, which exclude volatile food and energy items, climbed 3.3%
U.S inflation weakened in September, extending a streak of cooler readings

Dow Jones Industrial Average recovered lost ground on Tuesday, [trading near 42,000 and 42,600 on Friday(today)]
Investors grappling with lower rate cut expectations after last weeks labor print

XAUUSD: Gold jumps 1.5%
S&P 500 Breaks out to new all-time high

Monthly data on October hiring, due Nov. 1, will be the Federal Reserve’s last look at the labor market before its next rate-setting meeting [which is also scheduled for the first week of November]

As bears took over the AUDUSD market causing a -3.37% move from Sept 2024 high [previous post indicated price [May] retrace towards key psychological resistance at the 0.685/0.68]. As stated earlier, the inflation, PPI reports and the Michigan consumer sentiment reports may prove key catalysts in determining the continuation or reversal of this pair. The key level around 0.67214 0.67153 0.67070 held support to the pair and price is currently trading at 0.67576 heading into the close of this weeks session.

Key Levels
0.685
0.68
0.67
0.66
0.695