By Richard Pace — Nov 17 - 04:35 AM
AUD/USD setback from .6542 Wed stalled by daily cloud top support 6452 Fri
Minimum 38.2% Fibo retracement of 0.6271-0.6542 rise underpins at 0.6439
Recovery falters at 100-dma 0.6388, resistance Thur/Wed highs 0.6317/42
Strong JPY demand vs AUD adding weight to AUD/USD again on Friday
Massive AUD option expiry hedging helped contain Thurs, more nearby Friday
AUD/USD bulls maybe encouraged by recent AUD call/USD put option demand
These options would benefit from further AUD/USD gains through year end
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Source:
Refinitiv IFR Research/Market Commentary