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Apr 20 - 07:55 PM

AUD/USD - Opens Higher As Falling US Yields Take Edge Off USD

By John Noonan  —  Apr 20 - 07:00 PM
  • AUD/USD opens 1.0% higher after USD fell across the board on Wednesday nL2N2WI1PS

  • The US 10-year yield eased 10 BPs to take the shine off the USD for now

  • Commodity currencies outperformed despite mixed to lower commodities nL2N2WI0HC

  • AUD/USD closed above 10-day MA (0.7422) to shift the pressure to the upside

  • Resistance is at the 38.2 of 0.7661/0.7343 at 0.7464 and 21-day MA at 0.7469

  • Support is at the 10-day MA at 0.7422 with bids tipped around 0.7410

  • AUD/USD has proved resilient and risk is for more upside in short-term

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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