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Nov 08 - 06:55 AM

AUD/USD - Pivots 0.74 After 55DMA Lends Support

By Rob Howard  —  Nov 08 - 05:53 AM
  • AUD/USD has traded a 27 pip range since the London open, 0.7385-0.7412

  • 0.7412 was also pre-weekend high vs 0.7360 low on strong U.S. jobs data

  • 55DMA helped define the post-NFP low -- which was lowest level since Oct 13

  • Dovish RBA and iron ore losses generated downward momentum for AUD last week

  • Iron ore closed up for the first time in eight sessions today nL1N2RZ07S

  • There is a 0.7400 AUD/USD option expiry for the 10am ET NY cut nL1N2RZ09G

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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