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Dec 02 - 01:55 AM

AUD/USD - Plots A Straight Path To 0.7000 As US Yields Weigh

By Ewen Chew  —  Dec 02 - 12:00 AM
  • AUD/USD follows bearish path lower, teasing bigger drop ahead

  • 3-week slide neatly follows confines of Bollinger downtrend channel

  • Ceiling of channel descends to now cap intraday at 0.7152

  • Closing below Aug low 0.7106 paves way toward 0.7000 psych barrier

  • Near-term US Treasury yields rise again; curve flattens

  • Powell's reiteration of hawkish pivot supports USD nL1N2SM2J8

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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