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TDUX
Oct 12 - 04:55 AM
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AUD/USD - Respects 0.70 Resistance Level

By Robert Howard  —  Oct 12 - 03:02 AM

• AUD/USD has traded a 24 pip range thus far Monday; 0.6971-0.6995

• 0.6995 is highest level since Sept 30 (0.6995 was also the high that day)

• CFTC data: net AUD short rose 55% to 98,588 contracts in week to Oct 6

• 98,588 contracts is largest net AUD short position since August 2025

• Minutes from September's RBA meeting will be published on Tuesday

• Australia's bond market notches record sales in 2026, data from CBA shows

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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