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Apr 01 - 07:55 AM

AUD/USD - Bulls Struggle Despite Boost For Riskier Assets

By Christopher Romano  —  Apr 01 - 07:30 AM
  • AUD/USD rallied 0.65095-0.65385 overnight, NY opened near 0.6520, up +0.03%

  • Pair pierced the daily cloud base, 10-DMA then eroded most overnight gains

  • US yield US2YT=RR & USD/CNH drop could not prevent the pull back

  • Equity ESv1 & gold XAU= gains also could not prevent gains from eroding

  • Holiday thinned markets likely contribute to lack of upside momentum

  • Techs lean bearish; pair traded below the daily cloud & slew of daily MAs

  • US March S&P Global (final) & ISM manufacturing PMIs are data risks in NY

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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