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Oct 20 - 10:55 PM

AUD/USD - Grinds To Fresh 3-Month High As Key Resistance Nears

By John Noonan  —  Oct 20 - 09:21 PM
  • AUD/USD has traded above 0.7530 to a fresh 3-month high

  • Key resistance at 0.7555/65 now in focus as Aus bond yields climb

  • 10-year Aus yield is around 1.83% - 16 BPs higher than US 10-year yield

  • The 50% of the 2021 high/low is at 0.7556 and 200-day MA is at 0.7565

  • The strong resistance may slow the relentless aUD/USD gains for now

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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