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Oct 23 - 03:55 PM

AUD/USD - Support Sub-0.63 Tested, Fails Again As UST Yields Dive Into Close

By Paul Spirgel  —  Oct 23 - 01:35 PM
  • AUD$ firm into NorAm close, +0.44% at 0.6341, NorAm range 0.6345-03

  • Pair opened NorAm by lows, amid mounting Mideast tensions, UST yield rise

  • UST long-end yields slide into NY close aids AUD rise, Ackman covers short

  • AUD/USD downside momentum stalls, key support remains firm nL1N3BT0ZK

  • Support sub-0.63 remains intact despite several recent dips below 0.63

  • Supt 0.6286's Oct 3 low, 0.6273 Oct 28 2022 wkly low, 0.6253 lwr 30-wk Bolli

  • Daily bull hammer formed, may comfort longs but monthly techs lean bearish

  • Oct global PMIs, Australia Q2 CPI & US Oct PCE are key data risks next week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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