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Aug 04 - 06:55 AM

AUD/USD - Rises To Test Monday's High After Unchanged RBA

By Rob Howard  —  Aug 04 - 04:40 AM
  • AUD/USD up to test 0.7150 after RBA leaves cash rate unchanged as expected

  • RBA made no reference to recent AUD gains in its statement nL4N2F61AG

  • 0.7150 was Monday's high -- before drop to 0.7077 on short USD profit-takes

  • There are 0.7150 option expiries Wednesday and Thursday, AUD 826mn strikes

  • 0.7152 = 50% retracement of 0.7227 (last Friday's 17-month high) to 0.7077

  • Victoria to impose hefty fines to compel COVID-19 isolation nL4N2F60MI

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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