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Apr 17 - 08:55 AM

AUD/USD - Balanced Risks Keep The Range Tight

By Christopher Romano  —  Apr 17 - 07:35 AM
  • AUD/USD traded a tight 0.6725-0.6691 range overnight, NY opened near 0.6705

  • Overnight dip aided by US rate SRAU3, U$ gains; USD/CNH rallied to 6.8835

  • AUD/USD dipped below the 10- & 21-DMAs but downward momentum faded

  • Slight gains in stocksESv1, iron-oreDCIOc2, AUD/JPY helped lift AUD/USD

  • AUD/USD traded close to flat in early NY, traded down -0.04%

  • Techs lean bearish; pair below 200-DMA, daily cloud base, daily RSI falling

  • April NY Fed manufacturing business conditions, NAHB housing data are risks

  • Richmond Fed president Barkin speaks at 12:00 p.m. NY time Monday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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