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
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Source:
Refinitiv IFR Research/Market Commentary