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Dec 06 - 01:55 AM

AUD/USD - Withdraws As Dollar Recovers With UST Yields

By Ewen Chew  —  Dec 06 - 12:59 AM
  • AUD/USD retreats to 0.7017, may fall under 0.7000 again

  • US Treasury yields recover, propping up USD; 10y 1.387%

  • USD broadly up in Asia despite mild stock market gains

  • Bearish-AUD bias likely to remain; strong chart top forms

  • Ceiling of Bollinger downtrend channel meets Aug low 0.7107

  • Sellers may look to add to positions near that level

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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