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Apr 08 - 07:55 PM

AUD/USD - Opens Higher As USD Falls On Lower US Yields

By John Noonan  —  Apr 08 - 05:55 PM
  • AUD/USD opens 0.54% higher after USD broadly fell due to lower US yields

  • Worse than expected US jobless claims and dovish Powell weighed on US yields nL1N2M12H3nL1N2M121Y

  • Also underpinning AUD/USD was 0.82% rise in EM ETF and firm commodities nL4N2M1365nL8N2M12E6

  • Resistance is at 21-day MA at 0.7666 and 50% of 0.7849/0.7532 at 0.7690

  • Support at 10-day MA at 0.7626 and buyers tipped at 0.7600/05

  • RBA Stability Review today is expected to address Australia housing boom

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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