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Nov 19 - 05:55 AM

AUD/USD - Lifted By Profit-Take Flow; 0.65 Expiry Nearby

By Rob Howard  —  Nov 19 - 03:55 AM
  • AUD/USD hit 0.6524 in Asia after extending north from 0.6449 (Monday's low)

  • 0.6524 is highest level since Nov 13 (0.6545 was high that day)

  • Ascent from 0.6449 aided by profit-taking on long USD positions

  • Monday's low was eight pips shy of last week's 14-week low (Nov 14)

  • 0.6500 strike is closest-to-market option expiry for the 10am ET NY cut

  • RBA pondered scenarios for rate changes at Nov meeting nP8N3K20B3

Source:
Refinitiv IFR Research/Market Commentary

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