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Feb 16 - 05:55 PM

AUD/USD - Higher US Yields Trump Rising Commodities

By John Noonan  —  Feb 16 - 05:24 PM
  • AUD/USD opens 0.33% lower as rising US yields broadly lifted the USD

  • Move lower in AUD/USD despite firm commodities with NY copper rising 1.2% nL1N2KM0K6

  • AUD/USD completed bearish outside day after trading as high as 0.7805

  • Support found at the 10-day MA at 0.7725 and 21-day MA at 0.7703

  • A break below 0.7700 would suggest a top is in place at 0.7805/20

  • AUD/USD vulnerable if the rising US yields started to undermine risk assets nL1N2KG27N

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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