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Oct 26 - 07:55 PM

AUD/USD - Surges Higher As Falling US Yields And Booming Commodities Support

By John Noonan  —  Oct 26 - 05:45 PM
  • AUD/USD opens +1.58% after US yields fell and key commodities soared higher nL1N31R2P5nL1N31R0PK

  • USD down across the board, as market prices in less aggressive Fed hikes

  • AUD outperformed after hawkish turn in RBA expectations post-Aus CPI nAZN0OBJT0

  • AUD/USD resistance at 38.2 of 0.7136/0.6170 move at 0.6539

  • High on Tuesday was 0.6510 where decent size offers tipped

  • Support at 21-day MA at 0.6371 and break would ease upward pressure

  • AUD/USD likely to remain buoyant while tempered Fed expectations support risk

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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