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AUD/USD has ample upside momentum right nowJust as higher bond yields helped power the USD rally this year, lower yields are deflating bullish dollar betsUS 10-year bond futures and DXY have broken key moving averages this weekUS non-farm payrolls is the largest known event risk on FridayAUD/USD has surged to a technical level where it’s done plenty of work around in the past, providing an opportunity for traders to establish trades with excellent risk-reward potential. With declining US bond yields suffocating the US dollar rally, directional risks appear slanted to the upside unless we get another hot nonfarm payrolls report later in the session.[ATTACH=full]172330[/ATTACH]
AUD/USD has surged to a technical level where it’s done plenty of work around in the past, providing an opportunity for traders to establish trades with excellent risk-reward potential. With declining US bond yields suffocating the US dollar rally, directional risks appear slanted to the upside unless we get another hot nonfarm payrolls report later in the session.
[ATTACH=full]172330[/ATTACH]
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