By John Noonan — Mar 13 - 09:45 PM
AUD/USD slipping lower in Asia and is below 0.6650
USD trading with bid tone, but AUD/USD underperforming other majors
The US 2-year yield is back to 4.08% from NY close at 3.98%
AUD/USD failure to close above the 10-day MA is a disappointing for longs
A dovish turn in RBA expectations helping to cap the upside
According to Refinitiv RBAWATCH - RBA finished hiking and easing being priced in later in the year
Hourly support is at 0.6610/15 where bids are tipped
Market now looking ahead to US CPI later today
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary