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Mar 18 - 07:55 PM

AUD/USD - Opens Lower After Spike Higher In US Yields

By John Noonan  —  Mar 18 - 06:07 PM
  • AUD/USD opens 0.44% lower after long-dated US yields spiked higher nL8N2LG21A

  • Higher US yields supported USD and weighed on risk assets

  • Key commodities fell and forced some AUD/USD longs to pare back nL1N2LG0LT

  • Resistance @ 61.8 of 0.8007/0.7621 @ 0.7859 validated by price action

  • Support at 10-day MA at 0.7746 and 55-day MA at 0.7742

  • Aus retail sales for Feb out today with the market looking for +0.40% M/M

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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