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Jun 09 - 07:55 PM

AUD/USD - Opens Slightly Lower Despite Fall In US Yields

By John Noonan  —  Jun 09 - 06:30 PM
  • AUD/USD opens marginally lower after failing above 0.7760 again

  • The USD rallied in US session despite 10-year yield closing below 1.50%

  • It was the first close below 1.50% since early March

  • Market moves sporadic on position adjustments ahead of ECB and US CPI

  • AUD/USD edging below 10-day MA at 0.7729 in early Asia

  • Bids are tipped ahead of 0.7700 with support at last week's 0.7646 low

  • Resistance at 0.7760/70 proving to be stubborn as sellers in that window cap

  • The 50% of the 0.7891/0.7646 move comes in at 0.7768

  • Asia should be quiet ahead of ECB and US CPI later on Thursday

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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