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Thomson Reuters
Mar 11 - 08:36 AM
AUD/USD - Runs Into A Roadblock By Feb Low Again, Pre-US Data
First appeared on eFXplus on Mar 11 - 06:40 AM
  • AUD/USD met fresh headwind pre-0.7054 after vaulting 0.7046 (Asia high)
  • Offers just shy of 0.7054 also capped the pair last Thursday and Friday
  • 0.7054 was February's low (stops below 0.7050 were tripped last Wednesday)
  • AUD/USD plumbed a nine-week low of 0.7003 between its Thursday/Friday highs
  • Option-related buying helped define that low (large 0.7000 expiry Friday)
  • Another big 0.7000 expiry today, after US Jan retail sales data nL1N20Y060

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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