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Nov 10 - 07:55 AM

AUD/USD - Holds Below 0.73 After Retreat From Eight-Week High

By Rob Howard  —  Nov 10 - 05:55 AM
  • AUD/USD has traded sub-0.73 since retreating from Monday's 0.7340 high

  • 0.7340 = highest level since Sept 16, on Pfizer vaccine trial success news

  • See: nL1N2HV38SnL1N2HV0TR. 0.7267 was Asian session low nL1N2HW08E

  • UST yields soared on Monday, with the 10-year rising to a high of 0.975%

  • See: nL1N2HV1RU. Higher UST yields are a source of support for the USD

  • 0.7239 (Friday's low) is an AUD/USD support point below 0.7267

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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