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Apr 07 - 11:55 PM

AUD/USD - Flat After Recovering From Early Slip Lower

By John Noonan  —  Apr 07 - 11:30 PM
  • AUD/USD opened -0.15% at 0.6578 after whippy reaction to US jobs data

  • It fell to 0.6559 early Asia when US yields jumped higher when Tokyo opened

  • The 10-year US yield rose to 4.428% from NY close at 4.406%

  • Asian equity markets moved broadly higher and underpinned AUD/USD at lows

  • AUD/USD traded to 0.6589 before settling just below 0.6580

  • Support is at 10-day MA at 0.6541 and break would increase downward pressure

  • Resistance is at last week's 0.6619 high with sellers ahead of 0.6600

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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