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AUD

AUD/USD sits at $0.6665/70, ~0.3% softer than yesterday's closing levels.

  • E-minis retreated from session highs, sparking a risk off move seeing the USD and Yen firm alongside US Treasuries.
  • AUD/USD found support at $0.6660, ahead of $0.6650 the low from 21 March. The next downside target for bears is $0.6590 the low from Mar 15.
  • AUD/NZD has firmed a touch off session lows, however the cross remains below the $1.07 handle.
  • AUD/JPY printed a fresh YTD low on the move, at ¥86.51 before paring losses to sit at ¥86.90/87.00.
  • Cross asset wise; Iron Ore futures are down ~0.4% adding pressure at the margins. 10 Year US Treasury Yields are ~3bps lower. E-mins are ~0.1% softer.

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