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Oct 10 - 07:55 PM

AUD/USD - Opens Higher After Sharp Fall In US Yields

By John Noonan  —  Oct 10 - 05:45 PM
  • AUD/USD opens +0.33% after getting support from fall in US yields nL1N3BG26S

  • Market pricing in end of Fed tightening cycle after dovish Fed comments nL1N3BG1N2

  • AUD/USD closed above 21-day MA (0.6405) for 2nd day to maintain bullish bias

  • Resistance is at the 55-day MA (0.6454) which has held since Aug 1

  • A break above 0.6455 targets 38.2 of July-October decline at 0.6518

  • Support at 10-day MA at 0.6387 and break would ease upward pressure

  • Report China considering fresh stimulus helping to offset property concerns nFWN3BF1R6nL4N3BG02E

  • Key in Asia will be moves in Asian equity markets and AUD/JPY flows

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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