Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 17 - 06:55 AM

AUD/USD - Bulls May Be Encouraged By FX Option Flows

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!