Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 26 - 08:55 AM

AUD/USD - You Can Bet AUD/USD Sell-Off Is Not Speculative

By Jeremy Boulton  —  Feb 26 - 06:37 AM
  • Yesterday AUD/USD opened 0.7967 reached 0.8007 and closed 0.7859

  • Today opened 0.7873 and dropped to 0.7749

  • As of Feb 16 traders were still short AUD/USD IMM/FX Feb 16 peak 0.7805

  • While traders likely net long by yesterday, bets probably quite small

  • This drop doesn't have roots in speculation, quite the opposite nL1N2KW10K

  • Support nearby: 21-DMA 0.7752 and 61.8% Feb is 0.7732



AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!