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Jun 03 - 07:55 PM

AUD/USD - Opens Much Lower As Rise In US Yields Sends USD Soaring

By John Noonan  —  Jun 03 - 06:04 PM
  • Strong US data pushed up US yields and sent the USD higher across the board nAQN048X6SnL2N2NK2B8nN9N2KB01BnL2N2NL1OJ

  • AUD and NZD were worst performing currencies - falling 1.2% against the USD

  • Near 2% fall in gold and 2.97% fall in NY copper weighed on AUD/crosses nL2N2NL0N4nL3N2NL3JN

  • AUD/USD close below 61.8 of 0.7532/0.7891 at 0.7669 is bearish

  • Next support is at the 76.4 of that move at 0.7617

  • Resistance is at the neckline of a SHS formation at 0.7678

  • Strong resistance now at 0.7725 where 10-day & 100-day MAs converge

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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