"Dollar Soars as Yields Rebound, Bitcoin Surges"

1 min read
Source: DailyFX
"Dollar Soars as Yields Rebound, Bitcoin Surges"
Photo: DailyFX
TL;DR Summary

The US dollar strengthened as US yields rebounded, leading to gains against the Japanese yen and Australian dollar. USD/JPY bounced off trendline support and reclaimed the 147.00 handle, with resistance levels at 147.15 and 147.30. On the downside, support is seen around 146.00 and 144.50. Meanwhile, AUD/USD turned lower after failing to break above trendline resistance near 0.6665, with support at 0.6575 and 0.6525. If the bulls regain control, a rally towards 0.6800 and 0.6900 could be possible.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

2 min

vs 3 min read

Condensed

84%

48278 words

Want the full story? Read the original article

Read on DailyFX