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Jun 04 - 01:55 PM

AUD/USD - Shorts Stunned As Break Appears To Have Been False

By Christopher Romano  —  Jun 04 - 12:18 PM
  • Much of Thursday's drop erased on Friday after US data sinks US$, rates

  • US 10-yr yield dips below 1.56%, Dec 2022 eurodollar EDZ2 prices rally

  • Data has investors expecting Fed to keep accommodative policies intact

  • AUD/USD rallies above the daily cloud base, 55- & 10-DMAs

  • Thursday's high, 21-DMA & daily cloud top are now in focus

  • AUD/USD might reestablish the recent 0.7675/0.7820 range for the time being

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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