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Aug 17 - 07:55 AM

AUD/USD - Holds Below 0.72 After Cross Rise To 23-Month High

By Rob Howard  —  Aug 17 - 05:50 AM
  • AUD/USD has respected its 0.7166-0.7196 Asian range since the European open

  • 0.7196 marks the highest level for AUD/USD since August 7 nL1N2FJ02A

  • AUD/NZD rose to 1.1019 in Asia, its highest level since Sept 2018

  • Cross gains influenced by NZ PM postponing election by a month until Oct 17

  • See: nL4N2FI0FT. 0.7250 is a key AUD/USD resistance level beyond 0.7200

  • Offers ahead of 0.7250 capped AUD/USD at 18-month highs on Aug 5-7

AUDNZD Click here

Source:
Refinitiv IFR Research/Market Commentary

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