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Mar 22 - 04:55 PM

AUD/USD - Fresh 4-Month High Set With Help From Rates, Yen

By Christopher Romano  —  Mar 22 - 02:00 PM
  • Intense yen selling drive AUD/JPY up in Europe's am, AUD/USD follows

  • AUD/USD opens NY near 0.7425, rally extends, pair hits 0.7453 late

  • Gains aided by AU rates AU3YT=RRYTTc1 hitting multi-year highs

  • Persistent yen sales aid buoyancy as AUD/JPY lifts toward 90.00

  • Equity ESv1 gains add to investors' desire for riskier assets

  • AUD/USD techs are bullish; 76.4% Fib 0.7555-0.6968 breaks, RSI rising

  • Rally following Monday's doji candle adds to bullish tech signals

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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