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Apr 01 - 01:55 AM

AUD/USD - Breaks Pivotal Support, Heads For 0.7499-0.7517

By Krishna K  —  Apr 01 - 01:18 AM
  • AUD/USD slices through 2021 low of 0.7564 as stops triggered, low 0.75365

  • Elevated U.S. yields weigh; 10-yr yield consolidates near 14-week month high

  • Undermined by shrinking yield spread between AU 10-yr bonds & U.S.10-yr note

  • Expectations of higher U.S. growth & inflation, vaccine rollout underpin USD

  • POLL-Australia's c.bank cash rate seen near zero until end-2022nL1N2LU02B

  • Dec 22 low at 0.7517 and 50% Fibo of 0.6990-0.8007 rally at 0.7499 attract

  • Resistance 0.7565-75, 0.7600-05

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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