(MENAFN– Daily Forex) Bearish view
Sell the AUD/USD pair and set a take-profit at 0.6470.
Add a stop-loss at 0.6595.
Timeline: 1-2 days.
Bullish view
Set a buy-stop at 0.6540 and a take-profit at 0.6625.
Add a stop-loss at 0.6485.
The AUD/USD pair drifted downward slightly in the overnight session as US bond yields continued rising. The pair retreated to a low of 0.6535, its lowest swing on February 20th as focus shifted to important US consumer confidence and housing numbers consumer confidence data aheadThe AUD/USD pair retreated as America’s bond yields continued their recovery. The 10-year Treasury yield rose to 4.30%, its highest point since November 30th. Similarly, the 30-year yield jumped to 4.41% while the spread between the 10-year and 2-year bond yields remained at minus 44%.The ongoing recovery of bond yields is a sign that investors expect that the Federal Reserve will…
