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TDUX
Apr 10 - 03:55 PM

AUD/USD - Bulls Fail To Maintain Momentum

By Christopher Romano  —  Apr 10 - 01:45 PM

• NY opened near 0.7065 after AUD/USD traded downward in Asia & Europe's morning

• The pair rallied in early NY as US$, US yields traded downward

• USD/CNH drop to 6.8213, rallies in gold, stocks, silver added to AUD/USD's buoyancy

• The pair traded 0.7092 but sellers emerged and the pair turned lower on the session

• US$, yields firmed up while stocks & gold turned down; AUD/USD dipped toward 0.7065

• The pair sat near 0.7075 late, AUD/USD traded down -0.11% in NY's afternoon

• A daily doji formed, suggest the pair could be consolidating its recent gains

• Rising monthly RSI, pair's hold above the 55-DMA, daily cloud are bullish signs
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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