By Christopher Romano — Apr 17 - 01:35 PM
NY opened near 0.6425, pair rallied to 0.64375 early then hit 0.6409
Firm US$, yields & equity ESv1, gold XAU= slides weighed on AUD/USD
Buyers emerged however and AUD/USD neared 0.6430, traded up +0.42% late
Yields US2YT=RRUS10YT=RR fell & USD/CNH fell towards 7.2450
Bounces for equities and gold also helped drive AUD/USD's late day lift
Daily RSI lifted but monthly RSI fell, monthly inverted hammer in place
Australia March employment report is a data risk during Asia hours
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Source:
Refinitiv IFR Research/Market Commentary