Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 05 - 10:55 PM

AUD/USD - Reverses Lower As Asian Shares Fall And US Yields Rise

By John Noonan  —  Apr 05 - 10:25 PM
  • Whippy price action in AUD/USD continues as it reverses lower after strong start

  • It is trading below 0.7570 after early Asia high at 0.7593

  • US 2-year yield up around 4 BPs from NY close at 2.54%

  • AXJ equity index is -1.35% - as Caixin service PMI comes in much worse than expected nL2N2W402B

  • AUD/USD support is at former resistance at 0.7540/55

  • A break below 0.7540 would put all post-RBA long positions under water

  • More support @ the 10-day MA @ 0.7520 and break would suggest top is forming

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!