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Oct 09 - 08:36 AM
AUD/USD - Within Strike Of 0.6750 Ahead Of FOMC Minutes
First appeared on eFXplus on Oct 09 - 06:30 AM
  • AUD/USD ran into resistance at 0.6750 after extending north from 0.6723

  • There is a large 0.6750 option expiry Thursday, A$583mn strike

  • 0.6723 was the Asian session base (lowest level since Oct 3)

  • Drop to 0.6723 was influenced by pessimism about China-U.S. trade talks

  • See: nL2N26T0K3. 0.6700 and 0.6670 are support levels under 0.6723

  • 0.6670 was 10-year low last week (Oct 2). FOMC minutes due at 1800GMT

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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