AUD/USD: Rise in T-yields caps recovery

AUD/USD has moved off the lows, but is struggling to turn positive as the rise in the treasury yields is keeping the American dollar solidly bid in Asia. 

Recovers from 0.7660

The pair recovered from the session low of 0.7660 clocked earlier today after FBI granted clean chit to Clinton. Moreover, the news pushed the treasury yields higher, which led to a broad based USD strength. 

However, the uptick in the AUD/JPY cross helped the AUD/JPY take back part of its losses. The spot was last seen trading largely unchanged on the day around 0.7680 levels. 

AUD/USD Technical Levels

Breach of immediate resistance at 0.77 (zero figure) would open doors for 0.7735 (Oct 20 high). A violation there could yield 0.7761 (Aug 11 high). On the lower side, breach of support at 5-DMA level of 0.7671 would expose 50-DMA support of 0.7609 - 0.7587 (100-DMA).