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Nov 22 - 08:55 AM

AUD/USD - Nudges North After Matching Six-Week Low In Asia

By Rob Howard  —  Nov 22 - 05:57 AM
  • 0.7260 is high water-mark for AUD/USD since it tested 0.7228 in Asia

  • See: nL1N2SD0CL. 0.7228 was Friday's 6-week low -- before rally to 0.7264

  • Drop to 0.7228 influenced by Europe's COVID woes (AUD is risk-sensitive)

  • Offers expected pre-0.73 if AUD/USD extends north (0.7291 was Friday's high)

  • IMM speculators raised AUD exposure by 10% in the week ended Nov 16

  • Gross AUD longs up 6,916 contracts; gross AUD shorts up 4,645 nL1N2SA28V

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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