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Apr 14 - 01:55 AM

AUD/USD - Bid Tone In Asia As USD And US Yields Edge Lower

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

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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