By Christopher Romano — Apr 27 - 07:20 AM
AUD/USD rallied overnight on above f/c RBA trimmed mean CPI nL2N2WP03K
AU 3-yr yield AU3YT=RR gains as investors price in RBA rate hikes
CopperHGv1, iron-oreDCIOc2, equityESv1, AUD/JPY gains buoy AUD/USD
USD/CNH slide lower also helps rally AUD/USD to 0.7190 in overnight trade
Some AUD/USD gains erode as US$ gets boosted on US yieldUS10YT=RR gains
AUD/USD still up +0.35% into NY open, pair sits near 0.7150
Techs mixed; daily RSI diverged, monthly falling, day inverted hammer forms
76.4% Fib 0.6968-0.7661 pierced but no close below yet, seems likely however
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Source:
Refinitiv IFR Research/Market Commentary