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Sep 07 - 07:55 PM

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

By John Noonan  —  Sep 07 - 07:00 PM
  • AUD/USD opens 0.55% higher after finding support around 0.6700

  • US yields moved lower and Wall Street recovered to underpin the AUD/USD nL1N30E2MZ

  • Sharp fall in oil and softer copper price helped cap AUD gains nL1N30E042

  • RBA's Lowe speaks later today (03:05 GMT) and will get market's attention

  • Market will be looking for clues on size and scope of upcoming rate hikes

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • A break above the 10-day MA at 0.6814 would suggest bottom forming

  • Support is at the 2022 low at 0.6682 with bids around 0.6700

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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