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Jun 10 - 07:55 AM

AUD/USD - Within Strike Of 0.7750 Before U.S. CPI Data

By Rob Howard  —  Jun 10 - 05:37 AM
  • AUD/USD has traded a 21 pip range thus far Thursday, 0.7722-0.7743

  • The base of that range marks the intra-week low (0.7724 was Wednesday's low)

  • U.S. May inflation data due at 1230GMT, 4.7% YY f/c vs 4.2% in April

  • Above-forecast U.S. CPI might depress AUD/USD towards mooted bids pre-0.7700

  • There is another large 0.7750 option expiry for 10am ET NY cut nL2N2NS0C0

  • A large 0.7750 expiry exerted magnetism over AUD/USD Wednesday nL2N2NR0RP

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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