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TDUX
Apr 06 - 07:55 AM

AUD/USD - US Dollar's Safe-Haven Status Dented

By Christopher Romano  —  Apr 06 - 07:16 AM

• AUD/USD rallied 0.6878-0.6935 overnight, NY opened near 0.6925, up +0.64%

• US$ slid on report US, Iran received plans to hostilities, immediate ceasefire

• Oil , USD/CNH fell while gold, silver, stocks rallied on improved risk

• AUD/USD rallied away from the daily cloud base and above the falling 10-DMA

• A bullish outside day candle formed, RSIs are rising, techs lean slightly bullish

• US March non-mfg PMI is a risk, response may be muted due to holiday thinned market

• Pres. Trump's deadline for Iran to agree deal by Tuesday night also looms
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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