15 DAYS UNTIL THE US PRESIDENTIAL ELECTION
It is almost two weeks until November 3, and polls continue to show Democratic nominee Joe Biden in the lead while incumbent President Donald Trump lags. Having said that, the race may be slightly closer than what the polls indicate as a result of what statisticians call “differential partisan non-response”. 

In the same contrarian light, betting odds are showing a convergence after the Biden-Trump spread blasted to its widest difference on record between the two candidates. The key takeaway here is much like in 2016, despite what most polling stations say, there is still the possibility of another so-called “black swan” event. This is where a statistically improbable outcome – typically on the tail-end of a distribution curve – occurs.

If Mr. Trump is re-elected, the political shockwave would likely catch markets off-guard, especially if they had positioned themselves with the expectation of Biden’s victory. As a result, the volatility that might ensue could stoke demand for havens like the US Dollar and put a discount on risk-anchored assets like the Australian Dollar and equities.

THIRD PRESIDENTIAL DEBATE – BUT ACTUALLY THE SECOND
The third presidential debate will be occurring on October 22 from 01:00-02:30 GMT at Belmont University in Nashville, Tennessee. Like the previous debate, it will be 90 minutes and uninterrupted by commercial breaks. Here are the following topics: Fighting COVID-19, American Families, Race in America, Climate Change National Security,and Leadership. The moderator will be NBC's Kristen Welker.

AUD/USD ANALYSIS
AUD/USD has been trading under the steep guidance of descending resistance and may soon enter what I call a compression zone. This is the area marked by a stubborn inflection point at 0.7018 and the slope of depreciation. Breaking above the latter could inspire additional follow through, resulting a short but aggressive buying burst.

On the other hand, shattering 0.7018 might reinforce what appears to be a bearish disposition and could further accelerate the pair’s decline. In this scenario, selling pressure may start abating just before AUD/USD hits late-June support at 0.6829.

Reference by: Dimitri Zabelin, Currency Analyst for DailyFX.com