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Apr 28 - 03:55 PM

AUD/USD - 55-DMA Saves Longs, Fed Offers Nothing New

By Christopher Romano  —  Apr 28 - 02:19 PM
  • AUD/USD claws back some losses from Q1 CPI induced drop in Asia

  • Pair limply rallies in Europe am & early NY, NY opens near the 10-DMA

  • Buoyed UST yields, US$ drive an dip towards 0.7740 but buyers emerge

  • US 10-yr yield US10YT=RR sinks, eurodollar EDZ2 rallies, US$ falls

  • AUD/USD lifts above the daily cloud base, turns +ve, nears 0.7775 pre-Fed

  • Whippy price action after Fed statement offers nothing new nN9N2JO020

  • AUD/USD sinks near the 10-DMA then turns slightly positive late in the day

  • Daily long legged doji, rising monthly RSI gives techs a bullish lean

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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