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Apr 17 - 03:55 PM

AUD/USD - Rates, US Dollar Give Shorts Traction To Begin The Week

By Christopher Romano  —  Apr 17 - 02:00 PM
  • AUD/USD opened NY near 0.6710 after 0.6725 traded in overnight action

  • US rate SRAU3, US$ extended gains from Friday, AUD/USD dropped

  • Pair hit 0.6681; equity ESv1, copper HGv1 drops added weight

  • USD/CNH rally above 6.8880 also helped to drive AUD/USD lower

  • AUD/USD lifted above the 10- & 21-DMAs with help from AUD/JPY gains

  • AUD/USD traded down -0.15% late; technicals highlight downside risks

  • RSIs are falling, pair below 200-DMA and the daily cloud base

  • China March industrial output, retail sales & Q1 GDP are risks in Asia

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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