Friday, October 16, 2026

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AUD/USD short positioning unwinds

Only excitement was a quick 0.4% fall in line with a 4% fall in iron ore futures Choppy week but met by fresh selling interests Market still hasn't completely come to terms with Fed removal of fwd guidance Fed Governor s…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Only excitement was a quick 0.4% fall in line with a 4% fall in iron ore futures

  • Choppy week but met by fresh selling interests

  • Market still hasn't completely come to terms with Fed removal of fwd guidance

  • Fed Governor speaks tonight about monetary policy, expecting future course of action

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team