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Thomson Reuters
May 11 - 07:24 AM
AUD/USD - Up To One-Week High As More Shorts Squeezed
First appeared on eFXplus on May 11 - 06:05 AM
  • More shorts squeezed during AUD/USD rise to threaten 0.7560 (May 4 high)
  • Break through 0.7566 could spur further short-covering
  • 0.7566 is 38.2% of 0.7813 (Apr high) to 0.7413 (Wednesday's 11-month low)
  • Friday gains influenced by Nikkei rise to three-month high nL3N1SI2OE
  • AUD/NZD up to three-month high of 1.0833 on dovish RBNZ Orr nL3N1SI00N
  • RBA Debelle speech on 'The Outlook for the Australian Economy' next Tuesday

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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