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Oct 05 - 04:55 AM

AUD/USD - Bulls' Conviction May Wane As US Yields Creep Up

By Ewen Chew  —  Oct 05 - 02:37 AM
  • AUD/USD recoils to 0.7256, deflected lower by 21 DMA 0.7290

  • Slips toward primary support of Ichimoku Cloud base at 0.7245

  • If it ends Tues below 0.7232, more longs likely to bail

  • That would break Cloud, engage Bollinger downtrend channel

  • US Treasury yields creep up second day; 10y last 1.493%

  • Risk aversion abates in Asia, but S&P futures still shaky

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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