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Apr 07 - 08:55 PM

AUD/USD - Opens Lower As USD Remains Broadly Bid On Hawkish Fed

By John Noonan  —  Apr 07 - 06:45 PM
  • AUD/USD opens -0.40% as USD broadly gained on hawkish Fed expectations nL2N2W51NR

  • US yields underpin USD with the 10-year Treasury yield rising 6 BPs

  • Key commodities and equity markets steady on Thursday to help limit AUD/USD losses nL2N2W52X1

  • AUD/USD support is at last week's 0.7456 low and 21-day MA at 0.7439

  • A weekly clo9se below 0.7455 would complete a bearish outside week from trend high

  • A close below the 21-day MA at 0.7439 would suggest a top is in place

  • Resistance is at the 10-day MA at 0.7507 and sellers tipped ahead of 0.7520

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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