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Apr 18 - 07:55 PM

AUD/USD - Opens Lower As Hawkish Fed-Speak Lifts US Yields

By John Noonan  —  Apr 18 - 06:35 PM
  • AUD.USD opens -0.22% after USD reversed higher on hawkish Fed comments

  • NY Fed President Williams was hawkish and US data was strong nAQN2IWSFRnL2N3GR1EU

  • US yields moved higher on hawkish turn in Fed expectations nL2N3GR2MK

  • AUD/USD traded as high as 0.6456 earlier when risk assets were buoyant

  • Move up in US yields took shine of risk and Wall Street closed mixed nL2N3GR30M

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in bearish alignment

  • Resistance is at 10-day MA at 0.6486 and break would suggest bottom forming

  • Buyers are tipped 0.6380/0.6400 with support at Oct 26 low at 0.6271

  • Key in Asia will be moves in the USD/CNH and Asian equity markets

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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