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Aug 02 - 11:55 PM

AUD/USD - Recovers All Of Early Losses As US Yields Off Highs

By John Noonan  —  Aug 02 - 10:50 PM
  • AUD/USD is back above 0.6920 after trading down to 0.6886 earlier

  • USD was bid early and AUD/USD stops below 0.6900 became an easy target

  • The 10-year US yield has eased below 2.72% from above 2.74% earlier

  • AUD/USD support at 21-day MA at 0.6880 validated as decent support

  • Resistance is at the 10-day MA at 0.6960 and break would ease the pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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