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Apr 13 - 07:55 PM

AUD/USD - Opens Higher As US Yields Ease And Undermine USD

By John Noonan  —  Apr 13 - 06:38 PM
  • AUD/USD opens 0.28% higher after fall in US yields broadly weakened USD nL1N2M62B3nL1N2M61AW

  • AUD/USD completed bullish outside day, which portends more gains

  • Rally stalled just below the 21-day MA at 0.7653 - which is at 0.7648 today

  • More resistance at April 7 high @ 0.7676 and 50% of 0.7849/0.7532 @ 0.7690

  • Close support at the 10-day MA @ 0.7633 and break would ease upward pressure

  • WP-MI consumer confidence out today, but unlikley to be a market mover

  • Key will be moves in Asian equities and US long-dated yields

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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