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May 01 - 08:55 AM

AUD/USD - Longs Try To Keep Momentum In Their Side

By Christopher Romano  —  May 01 - 07:25 AM
  • AUD/USD rallied 0.6608-0.66455 overnight, NY opened just below the high

  • Lift aided by sales of Japan's yen rallying AUD/JPY toward 90.95

  • Gains in commodities HGv1 also helped boost the high beta currency

  • AUD/USD rises despite higher US rates SRAU3, USD/CNH lift above 6.9500

  • Technicals lean bullish; daily, monthly RSIs are rising &not overbought

  • Rally following Friday's bull hammer reinforces bullish signals

  • US April S&P Global & ISM manufacturing PMIs are data risks in NY

  • RBA rate decision is a risk tonight, Fed decision a risk this Wednesday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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