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Apr 02 - 07:55 PM

AUD/USD - Opens Higher As USD Eases Despite Higher US Yields

By John Noonan  —  Apr 02 - 06:10 PM
  • AUD/USD opens +0.42% as USD broadly eased despite rising US yields nL2N3GB1JRnL2N3GB1LP

  • AUD outperformed despite fall in equities nL2N3GB2AA as firm metals underpinned nL2N3GB0KS

  • The 10-day MA at 0.6525 offering resistance with more at 21-day MA at 0.6558

  • Support is at the March 5 low at 0.6477 and Feb 13 trend low at 0.6443

  • AUD/USD upside likely limited while US yields track higher

  • US NFPs Friday a key event with ADP jobs later today to provide insight

  • Selling AUD/USD rallies is the favoured strategy while 0.6560 holds

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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