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Apr 20 - 02:55 AM

AUD/USD - Rises To Escape Bearish Path But Will It Last?

By Ewen Chew  —  Apr 20 - 01:05 AM
  • AUD/USD rallies to 0.7425, potentially altering course

  • Remains to be seen if it will close above 0.7413

  • That would nullify daily Bollinger downtrend channel

  • Further strength might follow till 21 DMA 0.7470

  • Tentative top in UST yields cools USD; 10y 2.938%

  • USD/JPY pullback on intervention fears also dents DXY

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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