AUDUSD pair fell nearly 2% today, retracing 3-year highs as rising long term bond yields caused a sharp selloff on global stock markets and risk-sensitive currencies. Australian 10-year yields jumped to 21-month highs of 1.885% while the US 10-year rate retreated slightly to 1.473%. RBA made a surprise move today - an unscheduled offer to buy A$3bn worth three-year government bonds as yields pushed further above their 0.1% target. However this move had only limited impact in markets.
AUDUSD - pair reached major resistance at 0.80 yesterday, however buyers failed to uphold momentum and price pulled back sharply. Currently the pair is testing 50 SMA (green line). Should a brea below occur, downward move may accelerate toward next support at 0.7567. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
