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TDUX
Sep 24 - 07:55 PM
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AUD/USD - Grinds Lower As US Bond Selloff Continues To Deepen

By James Connell  —  Sep 24 - 05:39 PM

• AUD/USD -0.5% from Thur 0.7045 high as USD index and UST yields extend gains

• 30Y UST yield hits 22-year high at 5.46% on compounding inflation concerns

• Brent crude +3.7% to $106.85 a barrel as Houthis continue Saudi attacks

• RBA monetary policy meeting outcome due Tue, 25 bps hike widely anticipated

• AUD targets 0.6920 support, break below may bring 0.6660 ytd low into play

• U.S. Aug durable goods due Fri, Reuters poll consensus -0.4% m/m

• Overnight range 0.7006-45 support 0.6920 0.6865, resistance 0.7282 0.7661
AUD Daily 21/55/100-DMA


U.S. 30Y Treasury Yields


DXY Daily 55/100/200-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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