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Apr 12 - 08:55 AM

AUD/USD - Yields, Commodities Help Generate Positive Signs For Longs

By Christopher Romano  —  Apr 12 - 07:25 AM
  • Buoyant US$ sinks AUD/USD to a 15-session low of 0.7400 in overnight trade

  • Pair bounces into positive territory as risk sentiment improves slightly

  • Equities ESv1, copper HGv1 & AUD/JPY rally; USD/CNH dips below 6.3750

  • Gains in Aussie yields AU3YT=RR also help to buoy AUD broadly

  • AUD/USD hit 0.7440 ahead of NY's open, holds nearby as trading begins

  • Daily techs warn shorts; RSI diverged on the low, bull hammer candle formed

  • AUD/USD longs need above the 10-DMA 0.7480/00 to gain greater control

  • US March CPI USCPFY=ECI, Fed's Brainard & Barkin are data & event risks

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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