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TDUX
Apr 17 - 03:55 PM

AUD/USD - US Dollar Recovered Some Lost Ground

By Christopher Romano  —  Apr 17 - 02:10 PM

(Corrects typo in line 6)

• NY opened near 0.7170 after AUD/USD hit 0.7152 overnight, sharp rally then took hold

• Comments from Pres. Trump & Iran sank USD, US yields , oil

• USD/CNH turned down while gold, silver, copper and stocks attracted many buyers

• AUD/USD hit a fresh 46-month high of 0.7222, sellers emerged as USD firmed, risk softened

• Comments from an Iranian source drove investors to take some profits into the weekend

• AUD/USD sat near 0.7185 late in the day, the pair was up +0.31% in NY's afternoon

• Rising RSIs are bullish but long upper wick on daily candle may be a concern for bulls
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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