US 10-year yield dips to session lows
The US 10 year yield is training down around 5.4 basis points at 4.61%.Looking at the hourly chart above, the yield high today stalled against its 100-hour moving average at 4.647%. The 200 hour moving average is at 4.635%. If the yield can stay below these levels, the downside is the path of least resistance. Targets: The low yield last week reached down to 4.570%. A move below that level, and the 38.2% retracement of the move-up from the March 28 below comes in at 4.527% and would be the next target.Meanwhile, the USD is seeing sellers with the yields tilt to the downside. This article was written by Greg Michalowski at www.forexlive.com.
The US 10 year yield is training down around 5.4 basis points at 4.61%.
Looking at the hourly chart above, the yield high today stalled against its 100-hour moving average at 4.647%. The 200 hour moving average is at 4.635%.
If the yield can stay below these levels, the downside is the path of least resistance.
Targets: The low yield last week reached down to 4.570%. A move below that level, and the 38.2% retracement of the move-up from the March 28 below comes in at 4.527% and would be the next target.
Meanwhile, the USD is seeing sellers with the yields tilt to the downside. This article was written by Greg Michalowski at www.forexlive.com.
