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Aug 15 - 12:12 AM
AUD/USD - Holding On To Gains Despite Bond Market Signals
First appeared on eFXplus on Aug 14 - 10:25 PM
  • AUD/USD maintaining bid tone as markets send mixed signals regarding risk
  • US yields hitting historic lows in Asia with 30-year yield below 2.0%
  • Bond market is pricing in strong chance of recession nL4N25B0GG
  • Despite moves in US Treasuries. S&P futures up over 0.40%
  • AUD/USD steady around 0.6775 - up 0.41% after better than expected Aus jobsnAZN0QH300
  • Unless bond market wrong, AUD/USD should struggle on global growth concerns
  • AUD/USD resistance at 0.6820/35 where daily highs converge with 38.2 fibo
  • Support between 0.6730/45 where daily lows and buying is tipped

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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