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Aug 03 - 07:55 PM

AUD/USD - Opens Higher As Wall Street Rallies US Yields Ease

By John Noonan  —  Aug 03 - 06:35 PM
  • AUD/USD opens +0.46% and was best performing major currency Wednesday

  • Strong Wall Street gains and fall in US 10-year yield helped to underpin nL1N2ZF2TSnL1N2ZF205

  • AUD/USD support is at the 21-day MA at 0.6889 after it held dip yesterday

  • Resistance is at the 10-day MA at 0.6964 and break increases upward pressure

  • AUD up on all crosses despite fall in key commodities nL1N2ZF05InL1N2ZF0J7

  • Aus trade data today with large surplus expected due to commodity exports

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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