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Jul 16 - 07:55 AM

AUD/USD Holds Above 0.7400 As Aussie Flounders Vs Kiwi

By Rob Howard  —  Jul 16 - 06:21 AM
  • Mooted bids ahead of 0.7400 are lending support to the AUD/USD

  • 0.7415 was Asian session low (three pips shy of Thursday's low)

  • Thursday's low was a couple of pips shy of last Friday's seven-month low

  • There is a large 0.7400 option expiry next week (July 21)

  • AUD/NZD hit five-month low of 1.0576 in Asia on hot NZ CPI data nL1N2OR35V

  • Australian leaders under pressure to contain COVID-19 outbreak nL1N2OR35Q

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Refinitiv IFR Research/Market Commentary


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