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Oct 10 - 11:55 PM

AUD/USD - Reverses Higher After Buyers Emerge On Early Dip

By John Noonan  —  Oct 10 - 09:39 PM
  • AUD/USD has reversed higher and is above 0.7325 after hitting 0.7292 earlier

  • Asian equity market buoyant with Nikkei up 1.4% and AXJ index +0.50%

  • AUD/USD resistance is at Friday's 0.7338 high

  • Break above 0.7340 targets the 61.8 of 0.7477/0.7170 move at 0.7360

  • IMM data released Friday showed AUD/USD spec shorts at extreme levels nL1N2R42CG

  • A break above 0.7360 could see short covering accelerate

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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