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 ¬ 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
Source:
Refinitiv IFR Research/Market Commentary