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Feb 10 - 06:55 AM

AUD/USD - Retreats To Intra-Day Low After Scaling 2-Week Peak

By Rob Howard  —  Feb 10 - 05:04 AM
  • AUD/USD retreats to 0.7721 after hitting 0.7753 shortly before 0900GMT

  • 0.7753 = two-week low. 0.7721 = intra-day low (0.7726 was Asian session low)

  • Bids expected near 0.7700 if retreat extends: 0.7708 was Tuesday's NY low

  • Rise to 0.7753 influenced by iron ore/copper gains nL1N2KG0BGnL1N2KG08C

  • 0.7764 (Jan 27 high) and 0.78 are resistance levels beyond 0.7753

  • U.S. Jan inflation data due 1330GMT. Powell speaks at 1900GMT nL1N2KG0JM

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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