AUDUSD attempts to recover

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The Australian dollar finds support as the RBA minutes suggest more rate hikes to come. An oversold RSI on the daily chart shows exhaustion in the sell-off. A tentative break above 0.6340 has prompted some sellers to cover their positions, easing pressure on the Aussie. Though the bears may be eager to fade rebounds. Short-term sentiment would remain downbeat unless the bulls manage to lift 0.6430 on the 20-day moving average. A fall below 0.6200 would extend the downtrend toward the psychological level of 0.6000.
 

NZDUSD finds some respite

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The New Zealand dollar claws back losses on upbeat Q3 CPI. The pair is hovering above March 2020’s low at 0.5500 which has triggered a ‘buying-the-dips’ behaviour. The support-turned-resistance 0.5700 from a previous rebound is the first hurdle. The daily resistance at 0.5810 coincides with the 30-day moving average, making it an area of interest where stiff selling pressure from trend followers could be expected. A break below the critical floor at 0.5500 would signal a bearish continuation towards 0.53s.
 

US 30 breaks resistance

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The Dow Jones 30 rallies over the optimism about Q3 corporate earnings. The double bottom at 28700 is a sign of solid buying to keep the index afloat. A close above 30400 next to the 30-day moving average would flush out selling interests and possibly attract momentum buyers. As the bulls regain confidence, 31300 would be the next target with 29650 as a fresh support. However, this could be a mere flag-shaped consolidation from the daily chart’s perspective as the index is in bear market territory.

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