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Apr 07 - 05:55 PM

AUD/USD - Key Supports Are Holding But Remain In Jeopardy

By Christopher Romano  —  Apr 07 - 02:20 PM
  • Tight ranges hold in Europe's morning and NY's day as overnight loss holds

  • NY opened near 0.7480, pair drifted down to 0.7467 on soured risk

  • Equity ESv1, copper HGv1, iron-ore DCIOc2, AUD/JPY drops weigh

  • USD/CNH lift of NY's low also helps keep bear pressure on AUD/USD

  • AUD/USD nears 0.7475 late as equity turn +ve, pair still down -0.40% late

  • Falling RSIs, inverted daily hammer & monthly gravestone doji are bearish

  • Breaks of top of t-l off 2021 high, 0.7450/70 support remain possible

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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