The possibility of AUDUSD will decrease
The Aussie was idling at $0.6556 AUDUSD, having been mostly rangebound between $0.6540 to $0.6570 overnight. It is up 0.5% for the week, but it still faces resistance at the 200-day moving average of 0.6590.Australian bonds also struggled this week. Three-year government bond yields (AU3YT=RR) surged 13 bps to 4.212%, while 10-year yields
AU10Y rose 11 bps to 4.568%.
AU10Y rose 11 bps to 4.568%.
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