Aussie is under bull’s control, but overbought conditions hint at a potential correction AUD AUDUSD $AUD $AUDUSD
Skyrocketing US government bond yields helped the greenback to recover some ground.The AUD/USD pair
Spot gold, in the meantime, peaked at $1,944.56 a troy ounce, providing additional support to the pair. The pair retreated alongside the bright metal, and as the greenback gathered momentum during US trading hours amid skyrocketing government bond yields. Australia would not publish macroeconomic data on Wednesday.AUD/USD currently trades in the 0.7580 region, holding on to half of its intraday gains. The dailyhints at a possible bearish correction, although it shows that bulls retain control.
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