AUD/USD risk reversals hit 3-month high

Omkar Godbole FXStreet Contributor

The technical recovery in the AUD/USD pair is likely to continue, indicates the risk reversals gauge.

Risk reversals

The one-month 25 delta risk reversal rose to -0.538; the highest level since Sep. 8. Though negative, still the improvement in the risk reversals indicates falling demand for the AUD puts.

Also, the AU-US 10-year yield is rising in the AUD positive manner as well. The spread currently stands at 20 basis points vs. recent low of110 basis points.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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