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Mar 03 - 08:55 AM

AUD/USD - U.S. Yields, Dollar Put AUD/USD Bulls On Defense

By Christopher Romano  —  Mar 03 - 07:28 AM
  • US 10-yr yield buoyed while eurodollar EDZ2 prices sink slightly

  • Equities ESv1 rally but copper HGv1 trades lower on the session

  • AUD/USD rallied near the 10-DMA overnight, 0.7839 trades then pair sinks

  • 0.7805 neared in early NY trade after pair turns negative on the session

  • Broad based US$ buying, USD/CNH lift above 6.4700 help sink AUD/USD

  • Daily inverted hammer forms, daily RSI diverges on today's high

  • Bulls need above 10-DMA, 50% Fib 0.8007-0.7693, Feb 26 high for control

  • Break below 21-DMA, 0.7775/85 zone likely to lead to test of 55-DMA

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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