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May 15 - 05:00 AM

AUD/USD - Respects One-Week Low Ahead Of U.S. Claims Data

By Rob Howard  —  May 14 - 05:40 AM
  • AUD/USD elicited support just shy of 0.6420 in early European trade

  • 0.6420 = one-week low in Asia, after Australian jobs data nL4N2CW0OS

  • More bids may emerge near 0.6400 if AUD/USD breaks below 0.6420

  • There is a large 0.6400 option expiry for the 10am ET NY cut nL1N2CW09C

  • 0.6524 was Wednesday's high, before Powell showed no love for negative rates

  • See: nL1N2CV2I3. U.S. jobless claims data due at 1230GMT, 2.5 million f/c

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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