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May 31 - 06:55 AM

AUD/USD - Could Be Heading For A Twist

By Richard Pace  —  May 31 - 04:51 AM
  • AUD/USD stuck in the middle of its 0.7500-0.8000 - 2021 range

  • Trades around 100-dma at 0.7727, 10-dma caps for now at 0.7746

  • Daily cloud twists often attract - there's one in mid 77's on June 11

  • Suggests AUD/USD not going far for now, little sign of range break

  • Option implied volatility and AUD put over call premiums by pandemic lows

  • Reinforces range trading view, suggests downside scope is limited

  • Even Tuesday's RBA policy decision fails to inspire options nL2N2NI0A5

  • However, big U.S data before Fri's NFP may reignite volatility nL2N2NI0DE

For more click on FXBUZ


AUD=D3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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