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Feb 09 - 07:55 AM

AUD/USD - Helped To Two-Week High By Bitcoin Surge

By Rob Howard  —  Feb 09 - 06:02 AM
  • AUD/USD helped to 0.7736, its highest level since Jan 27, by bitcoin surge

  • Bitcoin powers to new high as Tesla takes it mainstream nL1N2KF0L8

  • AUD is a liquid proxy for risk, while the USD is a safer-haven

  • Iron ore and copper gains positive for AUD too nL1N2KF0EInL1N2KF0DP

  • IMM speculators recently flipped to net AUD short position nL1N2KE0F0

  • 0.7700 is now an AUD/USD support point. Resistance at 0.7764 (Jan 27 high)

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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