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Oct 03 - 07:55 PM

AUD/USD - Slide Continues As Rising US Yields Slam Risk Assets

By John Noonan  —  Oct 03 - 05:35 PM
  • AUD/USD fell another 0.86% and was worst performing currency on Tuesday

  • Rising US yields supporting USD and undermining risk assets/currencies nL1N3B91V6

  • AUD/JPY selling following USD/JPY plunge also weighed nL1N3B90YO

  • AUD/USD support @ double-bottom at 0.6272 & break targets trend low @ 0.6170

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Resistance is at the 10-day MA at 0.6386 and break would ease the pressure

  • AUD/NZD at 4-month low around 1.0665 ahead of RBNZ decision today nL3N3B902I

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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