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Apr 11 - 03:55 PM

AUD/USD - US Dollar Bulls Stuck On Defense Into The Weekend

By Christopher Romano  —  Apr 11 - 02:10 PM

• NY opened near 0.6230 after 0.6181 traded overnight, rally extended

• Selling US related assets persisted; US Treasury prices

fell

• USD/CNH fell towards 7.2820 while gold , copper
rallied

• AUD/JPY rally towards 90.45 also helped to prop up AUD/USD

• AUD/USD climbed above the daily cloud top, 55-DMA & traded 0.62875

• Pair dipped near 0.6275, held most of the session gains, was up +0.85% late

• Techs are bullish; RSIs are rising, monthly long legged doji candle in place
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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