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Apr 26 - 07:55 AM

AUD/USD - Helped Towards 0.78 By Iron Ore And Copper Gains

By Rob Howard  —  Apr 26 - 05:36 AM
  • AUD/USD hits 0.7791 after extending north from 0.7735 (Asian session low)

  • 0.7791 is highest level since April 20 (0.7816 was five-week high that day)

  • Rise to 0.7791 aided by iron ore and copper gains nL1N2MJ0EFnL1N2MJ0B0

  • Offers expected around 0.78 -- which is an option expiry level nL8N2MI0KZ

  • 0.7760-64 (treble-day high, April 21-23) is now a support window

  • IMM speculators flip to first net AUD short since February nL1N2MJ0CO

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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