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Thomson Reuters
Nov 08 - 06:12 AM
AUD/USD - Respects Wednesday's Six-Week High, Expiry Level
First appeared on eFXplus on Nov 08 - 04:25 AM
  • Offers ahead of 0.73 are keeping a lid on AUD/USD: 0.7297 = intra-day high
  • 0.7300 was Wednesday's six-week high after USD was sold on mid-term results
  • A$1.4bln 0.7300 expiries today/Friday. 0.7315 resistance beyond (Sept high)
  • Waves of AUD short-covering since Nov 1: 0.7315 break could spur more
  • IMM speculators net AUD short close to recent 31-month low in week to Oct 30
  • 0.7265 was Asian session low, before upbeat Chinese trade data nL4N1XJ1WS

0.7300 expiries: Click here

Source:
Thomson Reuters IFR Markets

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