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Aug 02 - 07:55 AM

AUD/USD - Sell Orders Await Unchanged RBA

By Richard Pace  —  Aug 02 - 05:57 AM
  • Covid situation weighs AUD on expectations RBA will back track on taper

  • But RBA had previously acknowledged potential for bumps in the road

  • RBA confirmation of Sept taper could see AUD knee-jerk reaction higher

  • However, touted sell orders by technical resistance can limit any recovery

  • Fri-Thur highs 0.7403-13, are reinforced by falling 21-dma now 0.7412

  • Options market not looking for extreme post RBA FX reaction nL1N2P90B2

  • But are wary of further bouts of risk aversion and AUD downside nL1N2P60Z5

For more click on FXBUZ


AUD/USD 1-month expiry 25 delta risk reversals Click here

AUD=D3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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