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Apr 16 - 01:55 PM

AUD/USD - REFILE-BUZZ-AUD/USD-Fresh 5-Month Low Hit With US Yield, Dollar Help

By Christopher Romano  —  Apr 16 - 01:25 PM

Fixes typo in headline

  • NY opened near 0.6310, pair rallied above 0.6325 early then turned lower

  • US yield US10YT=RR, equity ESv1 drop & buoyant UDS/CNH weighed

  • Pair traded to a fresh 5- month low, 0.63975 hit, pair then bounced

  • Gold XAU= turned positive, stocks neared flat, USD/CNH neared flat

  • AUD/USD bounced above 0.65305, traded down -0.53% late in the session

  • Techs are bearish; RSIs are falling, monthly inverted hammer in place

  • Australia March composite leading index is a data risk in Asia

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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