Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Oct 17 - 07:55 PM

AUD/USD - Opens Higher Despite Surging US Yields

By John Noonan  —  Oct 17 - 05:40 PM
  • AUD/USD opens +0.38% and was best performing major currency Tuesday

  • Move higher largely due to AUD/NZD buying as cross rose close to 1.0%

  • AUD/USD strength surprising given significant rise in US yields nL1N3BN2JO

  • Hawkish shift in RBA expectations following RBA minutes underpinned AUD

  • RBA Governor Bullock speaks today and could add colour to RBA outlook

  • China GDP, IP and retail sales could also impact AUD sentiment

  • AUD/USD resistance is at the 21-day MA at 0.6382

  • Close above 0.6385 conforms base is in place at the double-bottom at 0.6286

  • More resistance is at 55-day MA (0.6426) which has held since Aug 1

  • Support is at Tuesday's 0.6335 low and break shifts pressure to downside

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved