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Thomson Reuters
Apr 10 - 02:36 PM
AUD/USD - Expected Central Bank Rate Paths Inspire Keys Breaks
First appeared on eFXplus on Apr 10 - 12:45 PM
  • Eurodollar & fed funds price rally, increase the odds of Fed rate cuts
  • Aussie 3-month bank bills price in RBA cuts but not as aggressive as Fed
  • UST yields sink, AU-US spreads tighten a bit, all factors help lift AUD/USD
  • Pair lifts further above rising 10- , 21- & 55-DMAs and daily cloud top
  • March high eclipsed, no pullback seen, short covering likely buoying
  • 200-DMA, Feb 27 & 21 highs are the next hurdles for bulls to overcome

chart: Click here

Source:
Thomson Reuters IFR Markets

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