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Jun 10 - 11:55 PM

AUD/USD - Pivots Around 0.7750 As US Yields Remain Pressured

By John Noonan  —  Jun 10 - 11:27 PM
  • AUD/USD opened 0.27% higher at 0.7752 after fall in US yields underpinned

  • It traded 0.7746/57 and was unchanged at 0.7750/55 into the afternoon

  • AUD/USD underpinned by falling US yields and 10-year yield is at 1.43% low

  • Resistance is at the 50% of the 0.7891/0.7646 move at 0.7768

  • It has failed above 0.7760 4 straight days - with sellers ahead of 0.7770

  • A break above 0.7770 targets the 61.8 of the move at 0.7797

  • Buyers are tipped ahead of 0.7700 with support at June 3 low at 0.7646

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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