By John Noonan — Apr 13 - 11:50 PM
AUD/USD opened unchanged at 0.7453 and moved higher from the open
Talk of EUR/AUD selling helped push the AUD/USD to 0.7468
Aus jobs data came in slightly worse than expected and AUD/USD slipped to 0.7450 nAZN02DPHA
US yields moved lower and the AUD/USD traded back to 0.7467
Heading into the afternoon the AUD/USD is trading around 0.7455/60
Resistance is at the 21-day MA at 0.7477 and 10-day MA at 0.7484
Bids are tipped at 0.7440 with support at yesterday's 0.7392 low
Moves in US Treasury yields driving the price action at present
There is a growing view that US yields and US inflation may be peaking in short-term
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Source:
Refinitiv IFR Research/Market Commentary