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Dec 29 - 09:48 PM
AUD/USD - Edging Above Friday's High As Shorts Cover
First appeared on eFXplus on Dec 29 - 07:40 PM
  • AUD/USD maintaining bid tone in quiet Asian session

  • It is edging above Friday's 0.6988 high and approaching 0.7000

  • Option related selling around 0.7000 may cause some hesitation

  • USD is softer across the board led by 0.18% move higher in NZD/USD

  • The AUD & NZD were best performing currencies last week

  • Both currencies supported by year-end flows and short-covering

  • A clear break above 0.7010 in AUD/USD targets 61.8 of 0.7295/0.6670 @ 0.7056






aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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