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Nov 09 - 06:55 AM

AUD/USD - Retreats From Seven-Week High To Intra-Day Low

By Rob Howard  —  Nov 09 - 05:30 AM
  • AUD/USD hits 0.7267 after retreating from 0.7301 (seven-week high)

  • 0.7267 = fractionally fresh intra-day low (0.7268 was Asian session low)

  • Ascent to 0.7301 fuelled by rise in risk appetite on Biden win nL1N2HV0HT

  • AUD is a liquid proxy for risk. 0.7049 was post-U.S. election low (Nov 4)

  • 0.7239 (Friday's low) and 0.7223 (Nov 4 high) are AUD/USD support points

  • IMM speculators flipped to net AUD short into U.S. election nL1N2HV0C2

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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