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Aug 01 - 11:55 PM

AUD/USD - Better Bid As Easing US Yields Support

By John Noonan  —  Aug 01 - 10:05 PM
  • AUD/USD traded above 0.6625 after a low at 0.6606 earlier in the session

  • USD/CNY was fixed below expectations to give AUD/USD a small boost nL4N39J09P

  • USD broadly offered as US yields easing since US close

  • The 2-year Treasury yield -3 bps to 4.893% - 10-year down 2 bps to 4.029%

  • AUD/USD support at 0.6595/0.6600 where there is 3 weekly lows

  • Resistance is at 0.6690/95 where the 55-day and 100-day MAs converge

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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