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Thomson Reuters
Dec 31 - 07:24 AM
AUD/USD - Respects Last Week's Top After Trump-Spurred Boost
First appeared on eFXplus on Dec 31 - 05:15 AM
  • AUD/USD ran into resistance pre-0.7075/77 after probing above 0.7070 (10DMA)
  • There is a large 0.7075 option expiry Friday (Jan 4), A$715mn strike
  • 0.7077 was last week's high--before a drop to 0.7017 (34-month low, Dec 27)
  • Rise to eye 0.7077 influenced by Trump tweet about possible China trade deal
  • See: nL1N1YY055 nL1N1Z000A. 0.7038-0.7067 was the Asian session range
  • Bids are tipped ahead of 0.7000 (option barrier level) nL8N1YX0XQ

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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