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Dec 27 - 07:55 AM

AUD/USD - Helped To Five-Month High By Global Equity Gains

By Rob Howard  —  Dec 27 - 05:50 AM
  • AUD/USD climbs to 0.6840 as global stock gains lift risk-sensitive AUD

  • Aussie dollar also benefits from iron ore prices rising to 18-month peak

  • 0.6840 is highest level since July 20 (0.6845 was high that day)

  • There is a 0.6840 option expiry for year-end NY cut Friday; A$403 mln strike

  • Offers expected ahead of 0.6900 (June high) if AUD/USD extends north

  • 0.6895 was July high. 0.6800 (ex-resistance level) is now a support point

Source:
Refinitiv IFR Research/Market Commentary

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