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Aug 06 - 05:55 AM

AUD/USD - Helped Off 18-Month High By Profit-Taking On Longs

By Rob Howard  —  Aug 06 - 04:35 AM
  • AUD/USD falls to 0.7180 after notching 0.7217 intra-day high at 0609GMT

  • Intra-day high was notched as GBP/USD scaled a five-month peak nL1N2F8081

  • 0.7180 = intra-day low (0.7185 was Asia low; 0.7187 was NY afternoon low)

  • Profit-taking on longs has weighed on AUD/USD since it hit 0.7241 Wednesday

  • 0.7241 = 18-month high nL1N2F72R6. RBA SoMP and Ellis speech due Friday

  • Melbourne enters strict new coronavirus lockdown nL4N2F80OY


AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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