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Aug 08 - 07:24 AM
AUD/USD - Run Of Lower Highs Ends At 13, Unlucky For Some
First appeared on eFXplus on Aug 08 - 06:10 AM
  • AUD/USD rise to 0.6791 ends 13-day run of lower daily highs (since July 19)
  • 0.6783 was Wednesday's high--before slide to 0.6678 after 50bp RBNZ rate cut
  • 0.6678 = 10-year low. Ensuing climb influenced by steep drop in UST yields
  • Offers may emerge at 0.6800 (Tuesday's high) if AUD/USD extends north
  • There is a decent size 0.6800 option expiry Friday, A$430mn strike
  • Lowe speech and RBA SoMP may impact AUD on Friday (9.30am AEST/11.30am AEST)

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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