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Oct 12 - 10:55 PM

AUD/USD - Pressured Early Asia As AUD/JPY Gave Back Some Ground

By John Noonan  —  Oct 12 - 09:06 PM
  • AUD/USD fell to 0.7331 in early trading when AUD/JPY selling flows weighed

  • The AUD/JPY has been trending higher and was prone to profit taking

  • AUD/JPY has been supported by the large rise in the Aus 10-year bond yield

  • The 10-year Aus yield has eased to 1.685 after closing Tuesday at 1.73%

  • The AUD/USD has steadied around 0.7335/40 after buyers were tipped at 0.7330

  • Support is at the 10-day MA at 0.7300 and break eases upward pressure

  • China trade data is out today and could cause a reaction in the AUD/USD

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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