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
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Source:
Refinitiv IFR Research/Market Commentary