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Apr 11 - 07:55 PM

AUD/USD - Opens Lower As Negative Factors Mount

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

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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