By John Noonan — Apr 11 - 06:30 PM
AUD/USD opens -0.54% as firm USD, rising US yields and weak risk assets weigh nL2N2W91PLnL2N2W922Y
Factors that were supporting AUD are starting to turn negative
Key Australian commodities vulnerable a China demand concerns escalate nL2N2W90E1
Lon copper fell 1.61% and Lon crude fell nearly 3.5%
Rising US yields giving the USD broad support nL2N2W91OO
AUD/USD bids eyed above 0.7400 with support @ 61.8 of 0.7165/0.7661 @ 0.7354
Resistance is at 21-day MA at 0.7455 and 10-day MA at 0.7489
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Source:
Refinitiv IFR Research/Market Commentary