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Derived real-time data in partnership with:
Thomson Reuters
Oct 09 - 08:36 AM
AUD/USD - Drops Towards 32-Month Low After 0.71 Failure
First appeared on eFXplus on Oct 09 - 06:20 AM
  • AUD/USD down 31 pips since topping out ahead of 0.71 in Asia
  • Asia rise to 0.7093 was fuelled by short-covering
  • Mooted bids at 0.7040-50 may prop AUD/USD if it extends south
  • 0.7041 was Monday's 32-month low (0.7042 was last Friday's low)
  • More bids expected ahead of 0.7000 (option barrier and strike level)
  • 0.7000 AUD puts in demand . Weaker CNY = AUD-negative

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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