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Feb 11 - 06:55 AM

AUD/USD - Holds Close To Wednesday's Two-Week Peak

By Rob Howard  —  Feb 11 - 05:58 AM
  • AUD/USD has traded an 18 pip range since the European open, 0.7734-0.7752

  • 0.7752 = four pips shy of Wednesday's two-week high nL1N2KG2C5

  • Wednesday's high was three pips shy of 76.4% Fibo of 0.7819-0.7564

  • 0.7564 was five-week low last week (Feb 2, after emphatically dovish RBA)

  • Rise to 0.7756 influenced by iron ore and copper price gains nL1N2KH0FV

  • Retreat from 0.7756 based 13 pips shy of 0.7700 (in Asia) nL1N2KH06V

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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