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Sep 04 - 07:24 AM
AUD/USD - Eyes Last Week's High After Vaulting Asian Peak
First appeared on eFXplus on Sep 04 - 05:10 AM
  • AUD/USD eyes 0.6788 (Aug 26 high) after vaulting 0.6783 (Asian session top)
  • Short-covering has aided the ascent to threaten 0.6788, from 0.6688
  • 0.6688 was Tuesday's low, before unchanged RBA (0.6690 was last week's low)
  • Mooted offers around 0.6800 may cap AUD/USD if it extends north
  • There is a large 0.6800 option expiry Thursday, A$1bln strike
  • Australia Q2 GDP +0.5%, as per consensus forecast nL3N25U4E2

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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