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Apr 14 - 03:55 PM

AUD/USD - Yuan, Commodities Help Drive A Big Move

By Christopher Romano  —  Apr 14 - 02:00 PM
  • US 10-yr yield bounces off overnight low but lift stalls in early NY

  • AUD/USD opens NY near 0.7685; US$ selling resumes & risk-on takes hold

  • Copper HGv1 rallies, USD/CNH nL1N2M71PR dips below 6.5250, stocks gain

  • AUD/USD rallies above the 55-DMA, nears 0.7735 before lift stalls

  • Very little pull back seen, pair near session high late in the day

  • Techs are bullish, RSIs rise, 10-DMA about to cross above the 21-DMA

  • Longs likely now are targeting the daily cloud nL1N2M71LQ

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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