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Oct 29 - 05:55 AM

AUD/USD - Holds Above 0.7525 After RBA Loses Yield Control

By Rob Howard  —  Oct 29 - 05:33 AM
  • AUD/USD holds above 0.7525 (Tuesday's high) after testing 0.7555 in Asia

  • 0.7555 was Thursday's 16-week peak (0.7558 is the 200-day moving average)

  • RBA loses yield control as bonds melt down nL1N2RP016. RBA meets next week

  • 0.7500 (former resistance level) is an AUD/USD support point below 0.7525

  • Bull targets beyond the 200DMA include 0.76 and 0.80 nL1N2RM0M6

  • Yuan closes near two-week low as state banks buy U.S. dollars nL1N2RP0NR

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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